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

Talos Energy (NYSE:TALO) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

TALO has been the subject of a number of other research reports. Roth Capital raised 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 report on Wednesday, July 1st. KeyCorp increased their price target on shares of Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. 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 research report on Wednesday, May 13th. Weiss Ratings cut shares of Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Finally, Citigroup dropped their price objective on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Talos Energy currently has an average rating of “Hold” and a consensus price target of $18.50.

Talos Energy Price Performance

NYSE TALO opened at $14.96 on Friday. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -3.47 and a beta of 0.34. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s fifty day moving average price is $14.49 and its 200 day moving average price is $13.93. Talos Energy has a 1 year low of $7.67 and a 1 year high of $17.05.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. The company had revenue of $472.31 million during the quarter, compared to analysts’ expectations of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The firm’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 EPS. As a group, equities research analysts forecast that Talos Energy will post 0.37 earnings per share for the current year.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital sold 339,568 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total value of $5,704,742.40. Following the sale, the insider owned 40,460,036 shares in the company, valued at $679,728,604.80. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.51% of the stock is owned by insiders.

Institutional Investors Weigh In On Talos Energy

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in shares of Talos Energy by 292.6% in the 4th quarter. SG Americas Securities LLC now owns 268,362 shares of the company’s stock valued at $2,957,000 after purchasing an additional 200,000 shares during the period. Tejara Capital Ltd acquired a new stake in Talos Energy during the fourth quarter valued at $2,910,000. Brookwood Investment Group LLC acquired a new stake in Talos Energy during the fourth quarter valued at $1,264,000. Brandywine Global Investment Management LLC increased its holdings in Talos Energy by 338.9% in the fourth quarter. Brandywine Global Investment Management LLC now owns 389,201 shares of the company’s stock valued at $4,289,000 after buying an additional 300,518 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in Talos Energy by 394,736.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock valued at $4,729,000 after buying an additional 300,000 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.