Wall Street Zen Downgrades Talos Energy (NYSE:TALO) to Sell

Talos Energy (NYSE:TALO) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other brokerages have also recently weighed in on TALO. KeyCorp decreased their price target on shares of Talos Energy from $16.00 to $12.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Capital One Financial started coverage on shares of Talos Energy in a research report on Monday, June 16th. They set an “overweight” rating and a $14.00 price target for the company. Finally, Mizuho decreased their price target on shares of Talos Energy from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Talos Energy presently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Talos Energy Trading Down 0.6%

Shares of TALO opened at $7.80 on Friday. The stock has a fifty day moving average of $8.62 and a two-hundred day moving average of $8.52. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.05 and a current ratio of 1.22. The company has a market capitalization of $1.38 billion, a PE ratio of -8.05 and a beta of 0.81. Talos Energy has a fifty-two week low of $6.23 and a fifty-two week high of $12.71.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.06. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The company had revenue of $424.72 million during the quarter, compared to analysts’ expectations of $443.53 million. During the same period in the previous year, the company earned $0.03 EPS. The business’s quarterly revenue was down 22.7% compared to the same quarter last year. As a group, analysts forecast that Talos Energy will post -0.44 EPS for the current year.

Institutional Trading of Talos Energy

A number of large investors have recently added to or reduced their stakes in TALO. Signaturefd LLC boosted its stake in Talos Energy by 571.3% in the 1st quarter. Signaturefd LLC now owns 5,612 shares of the company’s stock worth $55,000 after purchasing an additional 4,776 shares during the period. GAMMA Investing LLC lifted its position in Talos Energy by 360.9% in the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock worth $31,000 after buying an additional 2,501 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Talos Energy during the 1st quarter valued at $98,000. SG Americas Securities LLC raised its holdings in shares of Talos Energy by 11.0% during the 1st quarter. SG Americas Securities LLC now owns 67,692 shares of the company’s stock valued at $658,000 after purchasing an additional 6,689 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Talos Energy by 2.7% during the 4th quarter. Invesco Ltd. now owns 1,121,556 shares of the company’s stock valued at $10,890,000 after purchasing an additional 29,708 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Company Profile

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.