Talos Energy (NYSE:TALO) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Talos Energy (NYSE:TALO) from a hold rating to a sell rating in a report issued on Saturday morning.

Other equities analysts have also recently issued research reports about the company. Mizuho increased their target price on Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 22nd. Finally, KeyCorp increased their price objective on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a report on Friday, December 5th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Talos Energy presently has a consensus rating of “Hold” and a consensus target price of $14.25.

Talos Energy Trading Down 1.1%

Shares of Talos Energy stock opened at $10.90 on Friday. Talos Energy has a 1 year low of $6.23 and a 1 year high of $12.19. The company’s fifty day simple moving average is $10.69 and its 200-day simple moving average is $9.63. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -5.42 and a beta of 0.55. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Friday, January 6th. The company reported $0.45 earnings per share for the quarter. Talos Energy had a negative return on equity of 2.76% and a negative net margin of 19.02%.The business had revenue of $382.96 million for the quarter. As a group, sell-side analysts expect that Talos Energy will post -0.44 EPS for the current year.

Institutional Investors Weigh In On Talos Energy

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Talos Energy by 201.5% during the second quarter. GAMMA Investing LLC now owns 9,631 shares of the company’s stock worth $82,000 after purchasing an additional 6,437 shares during the period. Assenagon Asset Management S.A. acquired a new position in Talos Energy in the 3rd quarter valued at $3,635,000. American Century Companies Inc. grew its holdings in Talos Energy by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 5,310,496 shares of the company’s stock valued at $45,033,000 after buying an additional 449,377 shares in the last quarter. Aristeia Capital L.L.C. bought a new position in Talos Energy during the 1st quarter worth $275,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Talos Energy by 7.8% during the second quarter. Franklin Resources Inc. now owns 1,359,603 shares of the company’s stock worth $11,529,000 after buying an additional 97,901 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.