Talos Energy (NYSE:TALO) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Talos Energy (NYSE:TALO) had its target price increased by JPMorgan Chase & Co. from $16.00 to $17.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 11.48% from the stock’s previous close.

Several other equities research analysts have also commented on TALO. Weiss Ratings upgraded Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Roth Mkm restated a “neutral” rating and set a $16.00 price target (up from $13.00) on shares of Talos Energy in a research note on Wednesday, April 8th. KeyCorp upped their price target on 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 set a $17.00 price target on Talos Energy in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Talos Energy presently has an average rating of “Hold” and a consensus target price of $17.50.

Talos Energy Trading Down 0.7%

Talos Energy stock traded down $0.10 during trading on Wednesday, hitting $15.25. The company’s stock had a trading volume of 404,041 shares, compared to its average volume of 2,231,486. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of -3.54 and a beta of 0.35. The stock’s fifty day moving average is $14.77 and its 200 day moving average is $12.54. Talos Energy has a 1-year low of $7.67 and a 1-year high of $17.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. The firm had revenue of $472.31 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, equities research analysts predict that Talos Energy will post 0.21 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Talos Energy

Large investors have recently modified their holdings of the stock. Larson Financial Group LLC grew its stake 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 valued at $32,000 after buying an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after buying an additional 2,123 shares in the last quarter. Quarry LP acquired a new stake in shares of Talos Energy in the third quarter valued at about $36,000. PNC Financial Services Group Inc. grew its stake in shares of Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after buying an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after buying an additional 5,236 shares in the last quarter. Institutional investors and hedge funds 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.