Talos Energy (NYSE:TALO) Stock Rating Upgraded by Wall Street Zen

Talos Energy (NYSE:TALO) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

TALO has been the topic of a number of other research reports. Mizuho lifted their price target on shares of Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Citigroup upped their price objective on shares of Talos Energy from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. KeyCorp lifted their target price on shares of Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. 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, Stephens reissued an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.83.

Talos Energy Price Performance

TALO traded down $0.25 during trading on Friday, hitting $13.48. The company’s stock had a trading volume of 1,448,768 shares, compared to its average volume of 2,038,587. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. Talos Energy has a twelve month low of $7.67 and a twelve month high of $17.05. The business’s fifty day simple moving average is $14.66 and its 200 day simple moving average is $13.67. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -3.13 and a beta of 0.34.

Talos Energy (NYSE:TALO) last announced its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate 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%.The business’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. On average, equities research analysts forecast that Talos Energy will post 0.38 EPS for the current fiscal year.

Insider Activity

In related news, insider Control Empresarial De Capital sold 339,568 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the completion of the sale, the insider directly owned 40,460,036 shares in the company, valued at approximately $679,728,604.80. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in shares of Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after buying an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 2,123 shares during the last quarter. Quarry LP acquired a new position in Talos Energy during the third quarter worth about $36,000. PNC Financial Services Group Inc. grew its stake in Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after acquiring an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Talos Energy by 395.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after acquiring an additional 5,236 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.