Talos Energy (NYSE:TALO) Stock Gets Downgrade from Zacks Research

Talos Energy (NYSE:TALO) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Other analysts have also recently issued reports about the stock. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. Stephens reissued an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. Weiss Ratings downgraded Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. KeyCorp lifted their price target on Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. Finally, Citigroup raised their price objective on shares of Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.43.

Talos Energy Trading Up 0.0%

NYSE TALO opened at $18.05 on Monday. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -7.58 and a beta of 0.42. The firm’s 50 day moving average price is $16.94 and its two-hundred day moving average price is $15.49. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. Talos Energy has a twelve month low of $8.97 and a twelve month high of $18.73.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period last year, the company posted ($0.27) EPS. Equities analysts anticipate that Talos Energy will post 1.58 EPS for the current year.

Insider Transactions at Talos Energy

In related news, insider William Moss, III sold 120,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $17.32, for a total value of $2,078,400.00. Following the transaction, the insider directly owned 305,117 shares in the company, valued at $5,284,626.44. This represents a 28.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Control Empresarial De Capital sold 2,700,000 shares of the company’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $17.19, for a total value of $46,413,000.00. Following the completion of the sale, the insider owned 26,641,590 shares of the company’s stock, valued at $457,968,932.10. This represents a 9.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 14,089,753 shares of company stock valued at $244,347,035. Corporate insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

Several large investors have recently made changes to their positions in TALO. WINTON GROUP Ltd grew its stake in shares of Talos Energy by 1,717.7% in the second quarter. WINTON GROUP Ltd now owns 223,579 shares of the company’s stock valued at $2,886,000 after buying an additional 211,279 shares in the last quarter. De Lisle Partners LLP bought a new position in shares of Talos Energy in the second quarter valued at about $2,144,000. Webs Creek Capital Management LP bought a new stake in shares of Talos Energy during the 2nd quarter worth about $27,039,375. Bank of America Corp DE bought a new position in Talos Energy in the 2nd quarter valued at about $7,338,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in Talos Energy by 394,736.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock worth $4,729,000 after acquiring an additional 300,000 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

About Talos Energy

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.