Talos Energy (NYSE:TALO) Stock Rating Lowered by Wall Street Zen

Talos Energy (NYSE:TALO) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

TALO has been the subject of several other reports. Citigroup boosted their price target on Talos Energy from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, January 23rd. KeyCorp lifted their price objective on Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Finally, Mizuho raised their price target on Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.50.

Talos Energy Price Performance

NYSE:TALO opened at $12.24 on Friday. Talos Energy has a 12-month low of $6.23 and a 12-month high of $13.85. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -4.31 and a beta of 0.54. The company’s 50-day moving average is $11.81 and its two-hundred day moving average is $10.67. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57.

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

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Virtus Fixed Income Advisers LLC purchased a new position in shares of Talos Energy in the 2nd quarter worth about $25,000. Larson Financial Group LLC increased its position in Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after purchasing an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC increased 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 purchasing an additional 2,123 shares in the last quarter. Quarry LP purchased a new position in Talos Energy in the third quarter valued at approximately $36,000. Finally, PNC Financial Services Group Inc. lifted its position in Talos Energy by 22.7% during 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. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.