Talos Energy (NYSE:TALO) Cut to “Sell” at Wall Street Zen
by Teresa Graham · The Cerbat GemWall Street Zen lowered shares of Talos Energy (NYSE:TALO – Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.
Other research analysts have also issued research reports about the stock. Benchmark lowered shares of Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Roth Mkm reaffirmed 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. Mizuho raised their target price on shares of Talos Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Citigroup raised their target price on shares of Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, March 31st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $17.20.
Get Our Latest Research Report on Talos Energy
Talos Energy Stock Up 1.8%
Shares of NYSE TALO opened at $15.17 on Friday. The firm has a market capitalization of $2.54 billion, a PE ratio of -5.34 and a beta of 0.35. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. Talos Energy has a 1 year low of $6.76 and a 1 year high of $17.00. The firm’s 50-day moving average is $14.28 and its 200-day moving average is $12.14.
Talos Energy (NYSE:TALO – Get Free Report) last issued its earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share (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 the consensus estimate 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 revenue for the quarter was down 19.2% compared to the same quarter last year. During the same period last year, the business posted $0.08 EPS. Equities analysts expect that Talos Energy will post 0.21 EPS for the current year.
Insiders Place Their Bets
In related news, insider Control Empresarial De Capital sold 1,352,000 shares of Talos Energy stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the transaction, the insider owned 41,233,604 shares of the company’s stock, valued at $687,776,514.72. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after acquiring an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after acquiring an additional 2,123 shares during the last quarter. Quarry LP acquired a new stake in Talos Energy during the 3rd quarter worth approximately $36,000. PNC Financial Services Group Inc. raised its holdings in Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after buying an additional 1,049 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Talos Energy by 395.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after buying an additional 5,236 shares during the period. Institutional investors own 89.35% of the company’s stock.
Talos Energy Company Profile
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.