Wall Street Zen Downgrades Talos Energy (NYSE:TALO) to Sell

Talos Energy (NYSE:TALO) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Monday.

Several other equities analysts have also issued reports on TALO. Mizuho lifted their price objective on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Finally, KeyCorp boosted their price target on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.25.

Talos Energy Stock Up 4.9%

NYSE:TALO opened at $11.46 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.27 and a quick ratio of 1.27. Talos Energy has a 1-year low of $6.23 and a 1-year high of $12.19. The company has a 50-day moving average of $11.01 and a 200 day moving average of $9.80. The firm has a market cap of $1.95 billion, a PE ratio of -5.70 and a beta of 0.57.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Virtus Fixed Income Advisers LLC purchased a new stake in shares of Talos Energy during the second quarter worth about $25,000. Larson Financial Group LLC boosted its stake in Talos Energy by 142.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after purchasing an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after purchasing an additional 2,123 shares during the last quarter. Quarry LP purchased a new stake in Talos Energy during the 3rd quarter worth approximately $36,000. Finally, CWM LLC increased its stake in Talos Energy by 186.3% during the 2nd quarter. CWM LLC now owns 6,027 shares of the company’s stock valued at $51,000 after purchasing an additional 3,922 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.