Talos Energy Inc. (NYSE:TALO) Given Consensus Recommendation of “Hold” by Analysts

Talos Energy Inc. (NYSE:TALO) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $18.50.

TALO has been the topic of several research analyst reports. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday. Stephens restated an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a report on Wednesday, July 1st. 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. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Finally, Mizuho increased their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital sold 339,568 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were 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. This represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC boosted its position in shares of Talos Energy by 142.9% in 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 during the period. Smartleaf Asset Management LLC lifted its position in 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 acquired a new position in Talos Energy during the 3rd quarter worth approximately $36,000. PNC Financial Services Group Inc. boosted its holdings in Talos Energy by 22.7% in 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 during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Talos Energy by 395.5% in 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 during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Trading Up 8.1%

Shares of TALO opened at $15.54 on Tuesday. Talos Energy has a twelve month low of $7.79 and a twelve month high of $17.05. The firm has a market capitalization of $2.59 billion, a P/E ratio of -6.53 and a beta of 0.35. 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’s fifty day simple moving average is $14.26 and its 200 day simple moving average is $14.19.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 1.94% and a negative net margin of 20.46%.The firm’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.27) earnings per share. On average, equities research analysts forecast that Talos Energy will post 0.48 earnings per share for the current year.

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.