Talos Energy (NYSE:TALO) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Talos Energy (NYSE:TALO) from a hold rating to a strong-buy rating in a research report report published on Saturday morning.

TALO has been the topic of a number of other research reports. 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 report on Monday, July 20th. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. JPMorgan Chase & Co. upped their price objective on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday. Finally, Mizuho lifted their target price on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $18.50.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $14.37 on Friday. The company has a market capitalization of $2.40 billion, a P/E ratio of -6.04 and a beta of 0.35. The company’s 50-day moving average is $14.24 and its 200 day moving average is $14.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.61. Talos Energy has a fifty-two week low of $7.72 and a fifty-two week high of $17.05.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The company had revenue of $664.81 million for the quarter, compared to analysts’ expectations of $577.92 million. During the same quarter in the previous year, the firm posted ($0.27) EPS. Talos Energy’s revenue was up 56.5% on a year-over-year basis. On average, equities research analysts forecast that Talos Energy will post 0.48 earnings per share for the current year.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital sold 339,568 shares of the stock in a transaction dated 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 sale, the insider 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 SEC, which is accessible through this hyperlink. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Talos Energy during the 2nd quarter worth approximately $256,801,000. Sourcerock Group LLC raised its position in shares of Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after buying an additional 1,110,685 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Talos Energy by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock valued at $149,234,000 after buying an additional 501,552 shares during the period. Geode Capital Management LLC boosted its stake in Talos Energy by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock valued at $33,682,000 after buying an additional 141,518 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Talos Energy by 25.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after buying an additional 592,509 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

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.