Talos Energy (NYSE:TALO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Talos Energy (NYSE:TALO) from a hold rating to a strong-buy rating in a research note published on Saturday.

Other equities analysts also recently issued reports about the stock. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Weiss Ratings cut shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on shares of Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Citigroup reduced their price target on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Stephens reiterated an “overweight” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.50.

Talos Energy Stock Up 8.1%

Shares of TALO opened at $15.54 on Friday. Talos Energy has a 52-week low of $7.79 and a 52-week high of $17.05. The company has a market capitalization of $2.59 billion, a PE ratio of -6.53 and a beta of 0.35. The stock has a fifty day simple moving average of $14.26 and a two-hundred day simple moving average of $14.19. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The business had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. During the same quarter in the previous year, the firm earned ($0.27) EPS. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. As a group, equities analysts forecast that Talos Energy will post 0.48 EPS for the current year.

Insider Activity

In related news, insider Control Empresarial De Capital sold 339,568 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total value of $5,704,742.40. Following the sale, the insider directly owned 40,460,036 shares in the company, valued at approximately $679,728,604.80. The trade was a 0.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TALO. Larson Financial Group LLC lifted its holdings in shares of 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 acquiring an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after purchasing an additional 2,123 shares during the last quarter. Quarry LP acquired a new stake in Talos Energy in the 3rd quarter valued at approximately $36,000. PNC Financial Services Group Inc. increased its holdings in Talos Energy by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after purchasing an additional 5,236 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

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.