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

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.3750.

Several equities research analysts recently commented on TALO shares. Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Wall Street Zen downgraded Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Mizuho boosted their price target on Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Finally, Citigroup raised their price objective on shares of Talos Energy from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday.

Talos Energy Price Performance

TALO stock opened at $13.79 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.57. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -4.85 and a beta of 0.54. The company’s fifty day simple moving average is $12.24 and its 200 day simple moving average is $10.96. Talos Energy has a 12-month low of $6.23 and a 12-month high of $13.87.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.17). Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The business had revenue of $392.24 million for the quarter, compared to analyst estimates of $431.22 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. The business’s revenue was down 19.2% on a year-over-year basis. On average, analysts expect that Talos Energy will post -0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sourcerock Group LLC increased its stake in Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Talos Energy by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock worth $91,358,000 after purchasing an additional 164,999 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Talos Energy by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,967,001 shares of the company’s stock worth $98,819,000 after purchasing an additional 345,765 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Talos Energy by 8.6% in the 3rd quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after buying an additional 455,409 shares during the period. Finally, Geode Capital Management LLC grew its stake in Talos Energy by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock valued at $33,682,000 after acquiring an additional 141,518 shares during the period. 89.35% of the stock is owned by institutional investors.

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.