Talos Energy (NYSE:TALO) Lowered to Hold Rating by Benchmark

Benchmark lowered shares of Talos Energy (NYSE:TALO) from a buy rating to a hold rating in a research note released on Thursday, MarketBeat.com reports.

A number of other equities analysts have also recently weighed in on the stock. Citigroup upped their price target on shares of Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen lowered shares of Talos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. KeyCorp lifted their price target on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Finally, Mizuho raised their price objective on Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Three investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $13.50.

Talos Energy Stock Performance

NYSE TALO opened at $13.26 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $11.96 and its two-hundred day moving average is $10.77. Talos Energy has a 12-month low of $6.23 and a 12-month high of $13.85. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -4.67 and a beta of 0.54.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.17). The business had revenue of $392.24 million during the quarter, compared to analyst estimates of $431.22 million. Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The firm’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. Research analysts expect that Talos Energy will post -0.44 EPS for the current year.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of TALO. Smartleaf Asset Management LLC increased its position in Talos Energy by 20.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company’s stock worth $59,000 after buying an additional 884 shares in the last quarter. Larson Financial Group LLC increased its position in Talos Energy by 28.4% during the 4th quarter. Larson Financial Group LLC now owns 4,240 shares of the company’s stock worth $47,000 after purchasing an additional 939 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Talos Energy by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares during the last quarter. US Bancorp DE raised its stake in Talos Energy by 17.4% in the 3rd quarter. US Bancorp DE now owns 7,089 shares of the company’s stock valued at $68,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in Talos Energy by 8.3% in the 3rd quarter. Royce & Associates LP now owns 15,740 shares of the company’s stock valued at $151,000 after purchasing an additional 1,211 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.