Talos Energy (NYSE:TALO) Cut to “Hold” at Benchmark

Benchmark cut shares of Talos Energy (NYSE:TALO) from a buy rating to a hold rating in a research note released on Thursday, MarketBeat.com reports.

Several other research analysts also recently commented on TALO. Wall Street Zen downgraded shares of Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. KeyCorp lifted their price target on Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th. Mizuho increased their price target on shares of Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Citigroup increased their target price on Talos Energy from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.50.

Talos Energy Stock Performance

Shares of TALO opened at $13.27 on Thursday. 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 1.30 and a current ratio of 1.30. The stock has a 50 day moving average price of $12.01 and a two-hundred day moving average price of $10.82. The firm has a market capitalization of $2.24 billion, a P/E ratio of -4.67 and a beta of 0.54.

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

Institutional Investors Weigh In On Talos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in TALO. Public Sector Pension Investment Board grew its stake in shares of Talos Energy by 43.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 601,218 shares of the company’s stock valued at $5,766,000 after acquiring an additional 181,443 shares during the period. Assenagon Asset Management S.A. bought a new position in Talos Energy in the 3rd quarter worth approximately $3,635,000. SummerHaven Investment Management LLC bought a new position in shares of Talos Energy during the third quarter worth $901,000. American Century Companies Inc. boosted its holdings in shares of Talos Energy by 9.2% during 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. Finally, Principal Financial Group Inc. increased its holdings in shares of Talos Energy by 40.7% in the third quarter. Principal Financial Group Inc. now owns 858,560 shares of the company’s stock worth $8,234,000 after purchasing an additional 248,200 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.