Talos Energy (NYSE:TALO) Earns Overweight Rating from Stephens

Talos Energy (NYSE:TALO)‘s stock had its “overweight” rating reissued by Stephens in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $20.00 target price on the stock. Stephens’ price objective indicates a potential upside of 55.24% from the stock’s current price.

Several other research analysts have also recently weighed in on TALO. Wall Street Zen cut shares of Talos Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Roth Mkm raised shares of Talos Energy from a “buy” rating to a “buy” rating in a research report on Wednesday. Weiss Ratings downgraded Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 23rd. KeyCorp upped their target price on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Finally, Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Four 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $18.83.

Talos Energy Trading Down 3.6%

Shares of Talos Energy stock opened at $12.88 on Wednesday. The company has a market capitalization of $2.15 billion, a P/E ratio of -2.99 and a beta of 0.33. The stock has a fifty day simple moving average of $14.89 and a 200 day simple moving average of $13.54. Talos Energy has a 12-month low of $7.67 and a 12-month high of $17.05. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The firm had revenue of $472.31 million for the quarter, compared to the consensus estimate of $446.39 million. During the same period in the previous year, the firm earned $0.06 EPS. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Talos Energy will post 0.41 earnings per share for the current fiscal year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the sale, the insider directly owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Talos Energy

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in Talos Energy by 9.5% during the 1st quarter. Bank of America Corp DE now owns 578,751 shares of the company’s stock valued at $9,121,000 after buying an additional 50,084 shares in the last quarter. Edgestream Partners L.P. increased its holdings in shares of Talos Energy by 185.0% in the first quarter. Edgestream Partners L.P. now owns 399,501 shares of the company’s stock worth $6,296,000 after purchasing an additional 259,321 shares during the period. Amundi boosted its stake in Talos Energy by 136.6% during the first quarter. Amundi now owns 56,977 shares of the company’s stock valued at $898,000 after buying an additional 32,899 shares during the period. California State Teachers Retirement System boosted its stake in Talos Energy by 28.8% during the first quarter. California State Teachers Retirement System now owns 160,442 shares of the company’s stock valued at $2,529,000 after buying an additional 35,870 shares during the period. Finally, Empowered Funds LLC grew its position in Talos Energy by 3.4% during the first quarter. Empowered Funds LLC now owns 1,152,594 shares of the company’s stock worth $18,165,000 after buying an additional 37,689 shares in the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.