Talos Energy (NYSE:TALO) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Talos Energy from “strong buy” to “buy.” Across analysts, the consensus rating is “hold,” with an average price target of $19.71.
• Talos reported quarterly earnings of $0.58 per share, beating estimates of $0.42, while revenue of $595.99 million also topped forecasts and rose 32.4% year over year.
• Insiders sold about 20.2 million shares worth $356.4 million over the past 90 days; company insiders own 0.51% of the stock.

Talos Energy (NYSE:TALO - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

TALO has been the subject of a number of other research reports. Zacks Research cut shares of Talos Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 19th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $22.00 price target on shares of Talos Energy in a research note on Tuesday, October 27th. KeyCorp raised their price target on shares of Talos Energy from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, September 15th. Citigroup lifted their price objective on Talos Energy from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, October 15th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Talos Energy in a research note on Tuesday, November 3rd. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.71.

Talos Energy Price Performance

Talos Energy stock opened at $16.27 on Friday. The company's fifty day moving average price is $16.92 and its 200 day moving average price is $15.16. Talos Energy has a 1 year low of $10.15 and a 1 year high of $18.76. The stock has a market capitalization of $2.70 billion, a P/E ratio of -7.02 and a beta of 0.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.15 and a current ratio of 1.15.

Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.16. The company had revenue of $595.99 million during the quarter, compared to analysts' expectations of $552.17 million. Talos Energy had a negative net margin of 18.36% and a positive return on equity of 4.42%. The firm's revenue for the quarter was up 32.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.19) earnings per share. As a group, equities research analysts anticipate that Talos Energy will post 1.66 earnings per share for the current fiscal year.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital sold 1,200,000 shares of Talos Energy stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $18.33, for a total transaction of $21,996,000.00. Following the transaction, the insider owned 20,491,414 shares in the company, valued at approximately $375,607,618.62. This trade represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 20,239,929 shares of company stock valued at $356,446,912 over the last ninety days. 0.51% of the stock is currently owned by company insiders.

Institutional Trading of Talos Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Talos Energy in the second quarter valued at $256,801,000. Canada Pension Plan Investment Board acquired a new position in shares of Talos Energy in the 2nd quarter valued at $51,874,000. Webs Creek Capital Management LP purchased a new position in shares of Talos Energy during the 2nd quarter worth $27,039,375. Empowered Funds LLC acquired a new stake in shares of Talos Energy during the 2nd quarter worth about $16,280,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Talos Energy in the 2nd quarter valued at about $12,875,000. 89.35% of the stock is owned by institutional investors and hedge funds.

About Talos Energy

Talos Energy is an independent energy company focused on the exploration, development and production of oil and natural gas from offshore properties. Its operations have centered on the U.S. Gulf of Mexico and offshore Mexico. Founded in 2012, Talos became a publicly traded company through its 2018 merger with Stone Energy. The company has expanded its offshore portfolio through acquisitions, including its 2023 acquisition of EnVen Energy. Talos is headquartered in Houston, Texas. Timothy S. Duncan, one of the company's founders, serves as its president and chief executive officer.

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