Talos Energy (NYSE:TALO) Stock Bumped Down to Hold by Zacks Research

Zacks Research cut shares of Talos Energy (NYSE:TALO) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks reports.

Several other equities research analysts have also recently weighed in on TALO. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $16.00 to $17.00 in a report on Wednesday, July 1st. Citigroup increased their price target on Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. The Goldman Sachs Group reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Monday, September 7th. KeyCorp raised their price target on Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. Finally, Stephens restated an “overweight” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Talos Energy currently has an average rating of “Hold” and an average price target of $19.43.

Talos Energy Stock Performance

Talos Energy stock opened at $18.05 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $3.01 billion, a PE ratio of -7.58 and a beta of 0.42. The company has a 50 day moving average price of $16.94 and a 200-day moving average price of $15.49. Talos Energy has a fifty-two week low of $8.97 and a fifty-two week high of $18.73.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. Talos Energy’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.27) earnings per share. As a group, equities analysts forecast that Talos Energy will post 1.58 earnings per share for the current year.

Insider Activity

In other news, insider William Moss, III sold 120,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the transaction, the insider directly owned 305,117 shares in the company, valued at approximately $5,284,626.44. This trade represents a 28.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Spath sold 90,000 shares of Talos Energy stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $16.90, for a total transaction of $1,521,000.00. Following the transaction, the insider directly owned 178,788 shares in the company, valued at approximately $3,021,517.20. The trade was a 33.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 14,089,753 shares of company stock worth $244,347,035. Corporate insiders own 0.51% of the company’s stock.

Institutional Trading of Talos Energy

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Talos Energy during the second quarter valued at about $256,801,000. Dimensional Fund Advisors LP grew its stake in Talos Energy by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock valued at $149,234,000 after purchasing an additional 501,552 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Talos Energy in the second quarter worth about $51,874,000. Webs Creek Capital Management LP bought a new position in Talos Energy in the second quarter worth about $27,039,375. Finally, Empowered Funds LLC raised its holdings in Talos Energy by 3.4% in the first quarter. Empowered Funds LLC now owns 1,152,594 shares of the company’s stock worth $18,165,000 after purchasing an additional 37,689 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.