Talos Energy (NYSE:TALO) Upgraded by Wall Street Zen to Hold Rating

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

TALO has been the subject of several other reports. Mizuho reissued a “neutral” rating and issued a $11.00 target price on shares of Talos Energy in a report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Talos Energy in a research report on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.50.

Talos Energy Stock Performance

Shares of Talos Energy stock opened at $10.85 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49. Talos Energy has a 52 week low of $6.23 and a 52 week high of $11.84. The firm’s 50 day moving average is $9.72 and its two-hundred day moving average is $8.94. The firm has a market capitalization of $1.84 billion, a P/E ratio of -11.18 and a beta of 0.75.

Talos Energy (NYSE:TALO) last issued its earnings results on Wednesday, November 5th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.23. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The business had revenue of $450.05 million during the quarter, compared to analysts’ expectations of $421.73 million. During the same quarter in the prior year, the business posted ($0.14) EPS. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. Research analysts forecast that Talos Energy will post -0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Talos Energy

A number of institutional investors have recently modified their holdings of TALO. Sourcerock Group LLC grew its holdings in Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after acquiring an additional 1,110,685 shares during the period. Vanguard Group Inc. boosted its position in shares of Talos Energy by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 9,992,530 shares of the company’s stock worth $97,127,000 after purchasing an additional 58,165 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Talos Energy by 8.6% in the 3rd quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after purchasing an additional 455,409 shares in the last quarter. Philosophy Capital Management LLC increased its holdings 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Talos Energy by 25.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock valued at $28,440,000 after purchasing an additional 592,509 shares during the period. 89.35% of the stock is currently owned by hedge funds and other 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.