Talos Energy (NYSE:TALO) Given Neutral Rating at Roth Mkm

Roth Mkm reiterated their neutral rating on shares of Talos Energy (NYSE:TALO) in a research report report published on Wednesday morning, MarketBeat.com reports. They currently have a $16.00 target price on the stock, up from their prior target price of $13.00.

Other equities research analysts have also issued reports about the company. KeyCorp lifted their price target on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Wall Street Zen upgraded Talos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Citigroup lifted their price target on Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.20.

Talos Energy Price Performance

TALO opened at $14.92 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.30 and a current ratio of 1.30. Talos Energy has a 52-week low of $6.23 and a 52-week high of $17.00. The stock has a market capitalization of $2.51 billion, a PE ratio of -5.25 and a beta of 0.35. The stock’s 50 day moving average price is $13.73 and its 200-day moving average price is $11.69.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $392.24 million for the quarter, compared to the consensus estimate of $431.22 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The company’s revenue for the quarter was down 19.2% compared to the same quarter last year. On average, equities research analysts predict that Talos Energy will post -0.44 EPS for the current year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of the business’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $16.68, for a total value of $22,551,360.00. Following the sale, the insider directly owned 41,233,604 shares of the company’s stock, valued at approximately $687,776,514.72. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

Several hedge funds have recently added to or reduced their stakes in TALO. Larson Financial Group LLC boosted its holdings in Talos Energy by 142.9% in the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after acquiring an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after acquiring an additional 2,123 shares in the last quarter. Quarry LP bought a new stake in Talos Energy in the third quarter worth $36,000. PNC Financial Services Group Inc. boosted its holdings in Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after acquiring an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after acquiring an additional 5,236 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

Talos Energy Company Profile

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.