Talos Energy Inc. (NYSE:TALO) Receives Average Rating of “Hold” from Analysts

Talos Energy Inc. (NYSE:TALO) has earned an average recommendation of “Hold” from the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $15.6250.

A number of equities research analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a report on Friday, December 5th. Citigroup lifted their price target on shares of Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Mizuho upped their price objective on Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Finally, Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th.

Hedge Funds Weigh In On Talos Energy

Large investors have recently modified their holdings of the company. Sourcerock Group LLC lifted its stake in shares of Talos Energy by 11.0% in the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. Vanguard Group Inc. raised its holdings in Talos Energy by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock valued at $91,358,000 after buying an additional 164,999 shares during the period. Dimensional Fund Advisors LP raised its holdings in Talos Energy by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,967,001 shares of the company’s stock valued at $98,819,000 after buying an additional 345,765 shares during the period. American Century Companies Inc. lifted its position in Talos Energy by 8.6% during the third quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after buying an additional 455,409 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Talos Energy by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock worth $33,682,000 after buying an additional 141,518 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Talos Energy Stock Down 3.6%

Shares of NYSE:TALO opened at $15.73 on Wednesday. The stock’s 50-day moving average price is $13.26 and its two-hundred day moving average price is $11.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. Talos Energy has a 12-month low of $6.23 and a 12-month high of $17.00. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of -5.54 and a beta of 0.54.

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

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.