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

Shares of Talos Energy Inc. (NYSE:TALO) have earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $17.50.

Several analysts recently weighed in on the company. Wall Street Zen upgraded Talos Energy from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Mizuho set a $17.00 target price on Talos Energy in a research note on Wednesday, May 6th. Weiss Ratings upgraded Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Roth Mkm reiterated a “neutral” rating and issued a $16.00 target price (up from $13.00) on shares of Talos Energy in a research note on Wednesday, April 8th. Finally, KeyCorp lifted their target price on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of Talos Energy stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $16.68, for a total value of $22,551,360.00. Following the transaction, the insider owned 41,233,604 shares in the company, valued at $687,776,514.72. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 2,935,568 shares of company stock valued at $48,892,022 in the last 90 days. 0.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Talos Energy

A number of large investors have recently modified their holdings of TALO. Royal Bank of Canada grew its stake in shares of Talos Energy by 11.8% during the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after acquiring an additional 3,007 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Talos Energy by 152.1% during the first quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock worth $884,000 after acquiring an additional 54,854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Talos Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock worth $838,000 after acquiring an additional 3,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Talos Energy by 16.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after acquiring an additional 304,205 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Talos Energy by 132.7% during the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock worth $3,279,000 after acquiring an additional 220,502 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Performance

TALO stock opened at $16.07 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50-day moving average price of $15.28 and a 200 day moving average price of $12.94. The company has a market capitalization of $2.68 billion, a P/E ratio of -3.73 and a beta of 0.35. Talos Energy has a 1-year low of $7.67 and a 1-year high of $17.05.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.04. The firm had revenue of $472.31 million during the quarter, compared to the consensus estimate of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The firm’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. As a group, equities research analysts forecast that Talos Energy will post 0.31 EPS for the current fiscal year.

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.