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

Wall Street Zen downgraded shares of Talos Energy (NYSE:TALO) from a hold rating to a sell rating in a research note issued to investors on Monday.

TALO has been the subject of a number of other research reports. KeyCorp raised their price objective on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Mizuho upped their target price on Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.25.

Talos Energy Price Performance

Shares of Talos Energy stock opened at $10.92 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $1.86 billion, a PE ratio of -5.43 and a beta of 0.57. The firm has a fifty day moving average price of $10.98 and a two-hundred day moving average price of $9.78. Talos Energy has a fifty-two week low of $6.23 and a fifty-two week high of $12.19.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in shares of Talos Energy by 201.5% in the second quarter. GAMMA Investing LLC now owns 9,631 shares of the company’s stock valued at $82,000 after buying an additional 6,437 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Talos Energy during the 3rd quarter worth about $3,635,000. American Century Companies Inc. increased its position in Talos Energy by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 5,310,496 shares of the company’s stock valued at $45,033,000 after acquiring an additional 449,377 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Talos Energy by 7.8% in the second quarter. Franklin Resources Inc. now owns 1,359,603 shares of the company’s stock worth $11,529,000 after acquiring an additional 97,901 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Talos Energy by 212.5% in the second quarter. Prudential Financial Inc. now owns 392,694 shares of the company’s stock worth $3,330,000 after acquiring an additional 267,045 shares during the last quarter. 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.