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

Wall Street Zen lowered shares of Talos Energy (NYSE:TALO) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other equities research analysts have also recently weighed in on TALO. Citigroup upped their price objective on Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Mizuho increased their price target on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Finally, KeyCorp lifted their price objective on shares of Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.50.

Talos Energy Price Performance

NYSE TALO opened at $12.24 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.27 and a current ratio of 1.30. The firm’s 50 day moving average price is $11.81 and its 200-day moving average price is $10.65. Talos Energy has a 52-week low of $6.23 and a 52-week high of $13.85. The company has a market cap of $2.06 billion, a PE ratio of -4.31 and a beta of 0.58.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.17). The business had revenue of $392.24 million for the quarter, compared to analysts’ expectations of $431.22 million. Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The business’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. Sell-side analysts forecast that Talos Energy will post -0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TALO. Royal Bank of Canada grew its holdings in shares of Talos Energy by 11.8% during the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock valued at $278,000 after buying an additional 3,007 shares during the last quarter. AQR Capital Management LLC lifted its position in Talos Energy by 152.1% during the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock worth $884,000 after acquiring an additional 54,854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Talos Energy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock worth $838,000 after acquiring an additional 3,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Talos Energy by 16.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock valued at $21,224,000 after purchasing an additional 304,205 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Talos Energy by 186.3% in the second quarter. CWM LLC now owns 6,027 shares of the company’s stock valued at $51,000 after purchasing an additional 3,922 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.