Talos Energy (NYSE:TALO) Downgraded by Wall Street Zen to “Sell”

Talos Energy (NYSE:TALO) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other research firms have also recently issued reports on TALO. Mizuho lifted their price objective on Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. KeyCorp increased their target price on Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research note on Friday, December 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Finally, Citigroup lifted their price target on shares of Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.50.

Talos Energy Stock Up 5.7%

Shares of NYSE:TALO opened at $12.24 on Friday. The firm has a 50 day simple moving average of $11.81 and a 200 day simple moving average of $10.63. The company has a market cap of $2.06 billion, a PE ratio of -4.31 and a beta of 0.58. Talos Energy has a 52 week low of $6.23 and a 52 week high of $13.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.27 and a current ratio of 1.30.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The business had revenue of $392.24 million for the quarter, compared to analysts’ expectations of $431.22 million. During the same quarter in the prior year, the firm posted $0.08 EPS. The business’s quarterly revenue was down 19.2% compared to the same quarter last year. As a group, research analysts expect that Talos Energy will post -0.44 earnings per share for the current year.

Hedge Funds Weigh In On Talos Energy

Several institutional investors have recently modified their holdings of TALO. Sourcerock Group LLC lifted 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 in the last quarter. Nuveen LLC lifted its holdings in shares of Talos Energy by 341.7% during the 4th quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock valued at $15,683,000 after purchasing an additional 1,100,967 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Talos Energy by 2,347.6% in the 4th quarter. Federated Hermes Inc. now owns 643,231 shares of the company’s stock valued at $7,088,000 after purchasing an additional 616,951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Talos Energy by 25.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after purchasing an additional 592,509 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Talos Energy by 61.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,506,442 shares of the company’s stock worth $16,601,000 after buying an additional 572,628 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.