Research Analysts’ Recent Ratings Changes for Talos Energy (TALO)

Several brokerages have updated their recommendations and price targets on shares of Talos Energy (NYSE: TALO) in the last few weeks:

• 4/23/2024 – Talos Energy had its price target raised by analysts at Stifel Nicolaus from $17.00 to $19.00. They now have a “buy” rating on the stock.
• 4/22/2024 – Talos Energy had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $26.00 price target on the stock.
• 4/22/2024 – Talos Energy had its price target raised by analysts at KeyCorp from $20.00 to $21.00. They now have an “overweight” rating on the stock.
• 4/12/2024 – Talos Energy had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $20.00 price target on the stock.
• 3/22/2024 – Talos Energy had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $17.00 price target on the stock, down previously from $20.00.
• 3/22/2024 – Talos Energy is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $16.50 price target on the stock.
• 3/19/2024 – Talos Energy was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.

Talos Energy Price Performance

TALO stock opened at $14.02 on Tuesday. The firm has a 50 day moving average of $13.46 and a 200-day moving average of $13.76. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $2.58 billion, a P/E ratio of 8.65 and a beta of 2.01. Talos Energy Inc. has a 12 month low of $10.69 and a 12 month high of $17.59.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). Talos Energy had a net margin of 12.85% and a return on equity of 0.76%. The firm had revenue of $384.96 million for the quarter, compared to analysts’ expectations of $386.90 million. As a group, sell-side analysts predict that Talos Energy Inc. will post -0.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital purchased 468,729 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $12.77 per share, for a total transaction of $5,985,669.33. Following the transaction, the insider now owns 35,216,510 shares in the company, valued at approximately $449,714,832.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.79% of the company’s stock.

Institutional Trading of Talos Energy

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in Talos Energy during the third quarter valued at about $615,000. Harbor Capital Advisors Inc. lifted its position in Talos Energy by 19.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 40,950 shares of the company’s stock worth $673,000 after buying an additional 6,575 shares during the last quarter. Zweig DiMenna Associates LLC boosted its stake in Talos Energy by 27.2% in the third quarter. Zweig DiMenna Associates LLC now owns 1,538,897 shares of the company’s stock worth $25,299,000 after buying an additional 329,275 shares in the last quarter. Keating Investment Counselors Inc. grew its position in Talos Energy by 50.6% during the third quarter. Keating Investment Counselors Inc. now owns 191,290 shares of the company’s stock valued at $3,145,000 after acquiring an additional 64,265 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Talos Energy by 25.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,148 shares of the company’s stock worth $381,000 after acquiring an additional 4,659 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.