Talos Energy (NYSE:TALO) Rating Lowered to Sell at Wall Street Zen

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

Other equities research analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. KeyCorp boosted their price objective on Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a report on Friday, December 5th. Finally, Mizuho upped their target price on Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Talos Energy has a consensus rating of “Hold” and a consensus target price of $14.25.

Talos Energy Stock Performance

Talos Energy stock opened at $10.84 on Monday. Talos Energy has a fifty-two week low of $6.23 and a fifty-two week high of $12.19. The company has a market capitalization of $1.84 billion, a PE ratio of -5.39 and a beta of 0.57. The company has a 50 day moving average price of $10.96 and a 200-day moving average price of $9.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 1.27.

Talos Energy (NYSE:TALO) last posted its earnings results on Friday, January 6th. The company reported $0.45 earnings per share for the quarter. The company had revenue of $382.96 million during the quarter. Talos Energy had a negative return on equity of 2.76% and a negative net margin of 19.02%. As a group, equities analysts forecast that Talos Energy will post -0.44 earnings per share for the current year.

Hedge Funds Weigh In On Talos Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC increased its position in shares of Talos Energy by 292.6% during the 4th quarter. SG Americas Securities LLC now owns 268,362 shares of the company’s stock worth $2,957,000 after purchasing an additional 200,000 shares during the last quarter. Doliver Advisors LP purchased a new position in Talos Energy during the fourth quarter worth about $110,000. GAMMA Investing LLC increased its position in shares of Talos Energy by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 14,197 shares of the company’s stock valued at $156,000 after acquiring an additional 1,940 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of Talos Energy in the 3rd quarter valued at approximately $179,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Talos Energy during the 3rd quarter worth approximately $123,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

About Talos Energy

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.