Talos Energy (NYSE:TALO) Rating Lowered to Sell at Wall Street Zen

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

Several other research analysts have also issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 22nd. Mizuho increased their target price on shares of Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Finally, KeyCorp boosted their price target on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Talos Energy has a consensus rating of “Hold” and an average target price of $14.25.

Talos Energy Stock Performance

Shares of NYSE TALO opened at $10.90 on Friday. 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 one year low of $6.23 and a one year high of $12.19. The business’s 50-day moving average price is $10.69 and its two-hundred day moving average price is $9.64. The company has a market capitalization of $1.85 billion, a P/E ratio of -5.42 and a beta of 0.55.

Talos Energy (NYSE:TALO) last posted its earnings results on Friday, January 6th. The company reported $0.45 earnings per share (EPS) for the quarter. Talos Energy had a negative net margin of 19.02% and a negative return on equity of 2.76%. The firm had revenue of $382.96 million during the quarter. Analysts anticipate that Talos Energy will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talos Energy

A number of large investors have recently modified their holdings of the business. Virtus Fixed Income Advisers LLC acquired a new stake in Talos Energy in the second quarter valued at $25,000. Larson Financial Group LLC raised its position in shares of Talos Energy by 142.9% during 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 in the last quarter. Smartleaf Asset Management LLC lifted its stake in Talos Energy by 134.4% during the second 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 third quarter worth approximately $36,000. Finally, CWM LLC boosted its holdings in 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 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 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.