Talos Energy (NYSE:TALO) Stock Rating Cut to Buy at Wall Street Zen

Wall Street Zen cut shares of Talos Energy (NYSE:TALO) from a strong-buy rating to a buy rating in a report released on Saturday morning,Wall Street Zen reports.

Several other analysts have also recently weighed in on the company. KeyCorp lifted their price objective on Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, September 15th. Zacks Research lowered shares of Talos Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Talos Energy in a research note on Tuesday, November 3rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $22.00 target price on shares of Talos Energy in a research note on Tuesday, October 27th. Finally, Citigroup increased their price target on shares of Talos Energy from $18.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 15th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.71.

Talos Energy Trading Up 1.8%

Shares of Talos Energy stock traded up $0.29 during midday trading on Friday, reaching $16.27. 1,866,565 shares of the company’s stock traded hands, compared to its average volume of 3,641,356. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $2.70 billion, a PE ratio of -7.02 and a beta of 0.45. The stock has a 50 day moving average of $16.92 and a 200-day moving average of $15.16. Talos Energy has a 12 month low of $10.15 and a 12 month high of $18.76.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.16. The business had revenue of $595.99 million for the quarter, compared to analysts’ expectations of $552.17 million. Talos Energy had a negative net margin of 18.36% and a positive return on equity of 4.42%. The firm’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.19) earnings per share. As a group, equities analysts expect that Talos Energy will post 1.66 EPS for the current fiscal year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 2,700,000 shares of the business’s stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $17.51, for a total transaction of $47,277,000.00. Following the completion of the sale, the insider directly owned 29,659,036 shares in the company, valued at $519,329,720.36. The trade was a 8.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 20,239,929 shares of company stock valued at $356,446,912 over the last 90 days. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Fortitude Family Office LLC raised its stake in shares of Talos Energy by 8,502.0% in the third quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock worth $72,000 after buying an additional 4,336 shares during the period. Parallel Advisors LLC grew its stake in shares of Talos Energy by 216.8% during the 3rd quarter. Parallel Advisors LLC now owns 4,835 shares of the company’s stock valued at $79,000 after acquiring an additional 3,309 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Talos Energy during the 2nd quarter valued at approximately $63,000. Nisa Investment Advisors LLC increased its holdings in Talos Energy by 57.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company’s stock worth $136,000 after acquiring an additional 3,053 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Talos Energy by 317.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock worth $148,000 after acquiring an additional 6,885 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

About Talos Energy

Talos Energy is an independent energy company focused on the exploration, development and production of oil and natural gas from offshore properties. Its operations have centered on the U.S. Gulf of Mexico and offshore Mexico. Founded in 2012, Talos became a publicly traded company through its 2018 merger with Stone Energy. The company has expanded its offshore portfolio through acquisitions, including its 2023 acquisition of EnVen Energy. Talos is headquartered in Houston, Texas. Timothy S. Duncan, one of the company’s founders, serves as its president and chief executive officer.