Talos Energy’s (TALO) “Neutral” Rating Reaffirmed at Roth Mkm

Talos Energy (NYSE:TALO)‘s stock had its “neutral” rating reiterated by analysts at Roth Mkm in a research report issued on Wednesday,Benzinga reports. They currently have a $16.00 target price on the stock, up from their previous target price of $13.00. Roth Mkm’s price target indicates a potential downside of 0.63% from the company’s current price.

TALO has been the subject of several other research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Mizuho boosted 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. Citigroup boosted their price objective on Talos Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Wall Street Zen raised Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $17.20.

Talos Energy Stock Up 1.2%

Shares of NYSE TALO opened at $16.10 on Wednesday. Talos Energy has a 12 month low of $6.23 and a 12 month high of $17.00. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of -5.67 and a beta of 0.35. The business has a 50-day moving average of $13.67 and a 200-day moving average of $11.67.

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

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 41,233,604 shares of the company’s stock, valued at $687,776,514.72. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Institutional Trading of Talos Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake 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 buying an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake 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 buying an additional 2,123 shares in the last quarter. Quarry LP purchased a new stake in Talos Energy in the third quarter worth approximately $36,000. PNC Financial Services Group Inc. boosted its stake 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 buying an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake 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 buying an additional 5,236 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.