Talos Energy (NYSE:TALO) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Talos Energy (NYSE:TALO) from a hold rating to a sell rating in a research note released on Saturday morning.

TALO has been the topic of several other research reports. KeyCorp increased their target price on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a report on Friday, December 5th. Mizuho upped their price target on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.25.

Talos Energy Price Performance

Shares of Talos Energy stock opened at $11.06 on Friday. The firm has a market capitalization of $1.88 billion, a PE ratio of -5.50 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 has a 12 month low of $6.23 and a 12 month high of $12.19. The business’s 50-day moving average price is $10.72 and its 200-day moving average price is $9.65.

Talos Energy (NYSE:TALO) last issued its earnings results on Friday, January 6th. The company reported $0.45 earnings per share (EPS) 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 during the quarter. Sell-side analysts forecast that Talos Energy will post -0.44 EPS for the current fiscal year.

Institutional Trading of Talos Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Virtus Fixed Income Advisers LLC bought a new position in shares of Talos Energy during the second quarter valued at $25,000. Larson Financial Group LLC grew 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 valued at $32,000 after purchasing an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after purchasing an additional 2,123 shares in the last quarter. Quarry LP bought a new stake in Talos Energy during the 3rd quarter valued at about $36,000. Finally, PNC Financial Services Group Inc. raised its holdings in Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after buying an additional 1,049 shares during 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.