Talos Energy (NYSE:TALO) Cut to Hold at Benchmark

Talos Energy (NYSE:TALO) was downgraded by analysts at Benchmark from a “buy” rating to a “hold” rating in a research report issued on Thursday, MarketBeat Ratings reports.

Several other brokerages have also issued reports on TALO. Wall Street Zen lowered shares of Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Citigroup lifted their target price on shares of Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Mizuho increased 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. Finally, KeyCorp lifted their price objective on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Talos Energy presently has an average rating of “Hold” and a consensus target price of $13.50.

Talos Energy Price Performance

Shares of NYSE TALO traded up $0.15 during trading on Thursday, reaching $13.19. The company had a trading volume of 657,714 shares, compared to its average volume of 2,060,097. Talos Energy has a 52 week low of $6.23 and a 52 week high of $13.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.30 and a current ratio of 1.30. The business’s 50 day moving average price is $11.92 and its 200-day moving average price is $10.75. The stock has a market cap of $2.22 billion, a PE ratio of -4.64 and a beta of 0.54.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.17). The company had revenue of $392.24 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 19.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS. Analysts expect that Talos Energy will post -0.44 earnings per share for the current year.

Hedge Funds Weigh In On Talos Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV acquired a new stake in Talos Energy during the 4th quarter worth approximately $130,000. Empowered Funds LLC increased its position in shares of Talos Energy by 11.6% during the fourth quarter. Empowered Funds LLC now owns 1,114,905 shares of the company’s stock worth $12,286,000 after acquiring an additional 115,864 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Talos Energy during the fourth quarter worth $187,000. Zacks Investment Management acquired a new stake in shares of Talos Energy during the fourth quarter worth $123,000. Finally, Numerai GP LLC lifted its position in Talos Energy by 259.9% in the 4th quarter. Numerai GP LLC now owns 176,837 shares of the company’s stock valued at $1,949,000 after acquiring an additional 127,703 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.