Talos Energy Inc. (NYSE:TALO) Receives Consensus Rating of “Hold” from Analysts

Shares of Talos Energy Inc. (NYSE:TALO) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $17.20.

TALO has been the topic of several analyst reports. Citigroup increased their price target on Talos Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Benchmark lowered shares of Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Wall Street Zen raised shares of Talos Energy from a “sell” rating to a “hold” rating in a research note on Sunday. KeyCorp increased their target price on shares of Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Finally, Mizuho increased their target price on shares of Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th.

Talos Energy Price Performance

Shares of TALO opened at $15.56 on Friday. The business’s 50-day moving average is $14.44 and its two-hundred day moving average is $12.26. The company has a market capitalization of $2.60 billion, a P/E ratio of -5.48 and a beta of 0.35. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.30 and a current ratio of 1.30. Talos Energy has a fifty-two week low of $6.92 and a fifty-two week high of $17.00.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.17). The company had revenue of $392.24 million for the quarter, compared to analyst estimates of $431.22 million. Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.Talos Energy’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. Research analysts predict that Talos Energy will post 0.21 earnings per share for the current year.

Insider Activity

In other news, insider Control Empresarial De Capital sold 1,352,000 shares of the stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the sale, the insider directly owned 41,233,604 shares of the company’s stock, valued at $687,776,514.72. This represents a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Talos Energy

Hedge funds have recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in shares of Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after acquiring an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Talos Energy by 134.4% during the 2nd 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 in the last quarter. Quarry LP purchased a new stake in shares of Talos Energy during the 3rd quarter worth about $36,000. PNC Financial Services Group Inc. boosted its stake in shares of Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after acquiring an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Talos Energy by 395.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after acquiring an additional 5,236 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

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.