Talos Energy (NYSE:TALO) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Talos Energy (NYSE:TALO) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Citigroup dropped their price target on Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Stephens restated an “overweight” rating and set a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings cut Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.50.

Talos Energy Trading Down 0.4%

NYSE:TALO opened at $15.50 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -6.51 and a beta of 0.35. The firm has a fifty day simple moving average of $14.28 and a two-hundred day simple moving average of $14.25. Talos Energy has a 12 month low of $8.01 and a 12 month high of $17.05.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.21. The firm had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business’s revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.27) earnings per share. Analysts expect that Talos Energy will post 1 EPS for the current fiscal year.

Insider Buying and Selling

In other Talos Energy 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 of the company’s stock, valued at approximately $679,728,604.80. The trade was a 0.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in Talos Energy by 11.8% in the 1st quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock valued at $278,000 after buying an additional 3,007 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Talos Energy by 152.1% during the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock worth $884,000 after acquiring an additional 54,854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Talos Energy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock worth $838,000 after acquiring an additional 3,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Talos Energy by 16.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after acquiring an additional 304,205 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Talos Energy by 132.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock worth $3,279,000 after acquiring an additional 220,502 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.