Talos Energy (NYSE:TALO) Downgraded by Wall Street Zen to “Hold”

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

A number of other equities analysts have also recently commented on the company. KeyCorp boosted their price target on Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. Weiss Ratings downgraded shares of Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. Stephens reaffirmed an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a research note on Wednesday, July 1st. Finally, JPMorgan Chase & Co. raised their price objective on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Talos Energy presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Talos Energy Price Performance

Shares of NYSE TALO opened at $14.96 on Friday. The stock has a market capitalization of $2.50 billion, a PE ratio of -3.47 and a beta of 0.34. Talos Energy has a fifty-two week low of $7.67 and a fifty-two week high of $17.05. 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 business has a fifty day moving average price of $14.49 and a two-hundred day moving average price of $13.91.

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

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital sold 339,568 shares of Talos Energy stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the completion of the transaction, the insider owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. This trade 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 at the SEC website. 0.51% of the stock is currently owned by company insiders.

Institutional Trading of Talos Energy

Large investors have recently bought and sold shares of the business. Sourcerock Group LLC increased its stake in shares of Talos Energy by 11.0% in the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after acquiring an additional 1,110,685 shares in the last quarter. Nuveen LLC increased its stake in Talos Energy by 341.7% in the fourth quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock valued at $15,683,000 after purchasing an additional 1,100,967 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Talos Energy by 2,347.6% during the fourth quarter. Federated Hermes Inc. now owns 643,231 shares of the company’s stock valued at $7,088,000 after purchasing an additional 616,951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Talos Energy by 25.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after purchasing an additional 592,509 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Talos Energy by 61.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,506,442 shares of the company’s stock valued at $16,601,000 after buying an additional 572,628 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.