Talos Energy’s (TALO) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of Talos Energy (NYSE:TALO) in a report published on Wednesday morning,Weiss Ratings reports.

A number of other brokerages have also issued reports on TALO. Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Capital One Financial started coverage on Talos Energy in a report on Monday, June 16th. They issued an “overweight” rating and a $14.00 target price for the company. Finally, Mizuho restated a “neutral” rating and issued a $11.00 target price on shares of Talos Energy in a report on Monday, September 15th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Talos Energy currently has a consensus rating of “Moderate Buy” and an average price target of $14.43.

Talos Energy Stock Performance

Shares of NYSE:TALO opened at $9.06 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22. The business’s 50 day moving average price is $9.25 and its 200-day moving average price is $8.58. The firm has a market capitalization of $1.58 billion, a PE ratio of -9.34 and a beta of 0.74. Talos Energy has a 1 year low of $6.23 and a 1 year high of $12.71.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Friday, January 6th. The company reported $0.45 earnings per share (EPS) for the quarter. The firm had revenue of $382.96 million for the quarter. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%. As a group, equities research analysts expect that Talos Energy will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Talos Energy

In other news, Director Paula R. Glover sold 6,159 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total value of $59,680.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Talos Energy

Several large investors have recently modified their holdings of the business. Sourcerock Group LLC lifted its stake in shares of Talos Energy by 11.0% in the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Talos Energy by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 9,992,530 shares of the company’s stock valued at $97,127,000 after purchasing an additional 58,165 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Talos Energy by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 5,310,496 shares of the company’s stock valued at $45,033,000 after purchasing an additional 449,377 shares during the last quarter. Philosophy Capital Management LLC lifted its stake in shares of Talos Energy by 11.5% in the 1st quarter. Philosophy Capital Management LLC now owns 4,251,212 shares of the company’s stock valued at $41,322,000 after purchasing an additional 437,788 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Talos Energy by 11.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,330,304 shares of the company’s stock valued at $22,651,000 after purchasing an additional 230,119 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.