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

Shares of Talos Energy Inc. (NYSE:TALO) have received an average recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.6667.

Several analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Wall Street Zen upgraded shares of Talos Energy from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings upgraded shares of Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. upped their target price on shares of Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Mizuho upped their price target on shares of Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital sold 1,352,000 shares of the company’s stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $16.68, for a total value of $22,551,360.00. Following the transaction, the insider directly owned 41,233,604 shares in the company, valued at approximately $687,776,514.72. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 2,935,568 shares of company stock valued at $48,892,022 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TALO. Sourcerock Group LLC grew its holdings in Talos Energy by 11.0% during the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after acquiring an additional 1,110,685 shares in the last quarter. Nuveen LLC grew its holdings in Talos Energy by 341.7% during the 4th quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock worth $15,683,000 after acquiring an additional 1,100,967 shares in the last quarter. Federated Hermes Inc. grew its holdings in Talos Energy by 2,347.6% during the 4th quarter. Federated Hermes Inc. now owns 643,231 shares of the company’s stock worth $7,088,000 after acquiring an additional 616,951 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Talos Energy by 25.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after acquiring an additional 592,509 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Talos Energy by 61.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,506,442 shares of the company’s stock worth $16,601,000 after acquiring an additional 572,628 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Stock Performance

Shares of NYSE TALO opened at $14.38 on Thursday. The firm has a 50 day moving average of $15.31 and a 200 day moving average of $13.01. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -3.34 and a beta of 0.35. Talos Energy has a 12-month low of $7.67 and a 12-month high of $17.05.

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