Talos Energy (NYSE:TALO) Upgraded at Wall Street Zen

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

TALO has been the subject of a number of other reports. Mizuho lifted their price target on Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Finally, KeyCorp boosted their target price on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.25.

Talos Energy Stock Down 1.0%

TALO stock opened at $10.56 on Friday. Talos Energy has a fifty-two week low of $6.23 and a fifty-two week high of $12.19. The company’s 50 day moving average price is $10.89 and its 200 day moving average price is $9.72. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -5.25 and a beta of 0.57.

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

Institutional Investors Weigh In On Talos Energy

Several large investors have recently modified their holdings of TALO. Comerica Bank increased its holdings in shares of Talos Energy by 3.0% in the 1st quarter. Comerica Bank now owns 44,471 shares of the company’s stock valued at $432,000 after acquiring an additional 1,298 shares during the period. Vident Advisory LLC acquired a new position in Talos Energy in the first quarter valued at $488,000. Royal Bank of Canada increased its stake in Talos Energy by 11.8% in the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock valued at $278,000 after purchasing an additional 3,007 shares during the period. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Talos Energy in the first quarter valued at about $328,000. Finally, AQR Capital Management LLC boosted its stake in shares of Talos Energy by 152.1% during the first quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock worth $884,000 after buying an additional 54,854 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

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.