Talos Energy (NYSE:TALO) Stock Rating Cut to Hold at Zacks Research

Key Points

• Zacks Research downgraded Talos Energy from “strong buy” to “hold.” The broader analyst consensus is also “hold,” with five buy ratings, four holds and one sell rating, and an average price target of $19.43.
• Talos Energy reported quarterly EPS of $0.57, beating estimates of $0.36, while revenue reached $664.81 million and rose 56.5% year over year.
• Insiders have been selling shares: company insiders sold 14.1 million shares worth approximately $244.3 million over the past 90 days, while institutional investors own 89.35% of the stock.

Talos Energy (NYSE:TALO - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report issued on Monday, Zacks reports.

A number of other analysts also recently issued reports on TALO. Citigroup increased their price target on shares of Talos Energy from $18.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, October 15th. Stephens restated an "overweight" rating and set a $20.00 price target on shares of Talos Energy in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Roth Capital raised shares of Talos Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Finally, KeyCorp upped their price objective on shares of Talos Energy from $21.00 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 15th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Talos Energy presently has a consensus rating of "Hold" and a consensus price target of $19.43.

Talos Energy Stock Up 0.0%

Shares of TALO stock opened at $18.05 on Monday. The stock has a 50 day moving average of $16.94 and a 200 day moving average of $15.49. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.01 billion, a P/E ratio of -7.58 and a beta of 0.42. Talos Energy has a twelve month low of $8.97 and a twelve month high of $18.73.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. The company had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. Talos Energy's revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.27) earnings per share. As a group, sell-side analysts expect that Talos Energy will post 1.58 EPS for the current year.

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital sold 2,700,000 shares of the business's stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $17.51, for a total transaction of $47,277,000.00. Following the completion of the sale, the insider owned 29,659,036 shares of the company's stock, valued at $519,329,720.36. The trade was a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William S. Moss III sold 120,000 shares of the company's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the transaction, the insider owned 305,117 shares of the company's stock, valued at approximately $5,284,626.44. This trade represents a 28.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,089,753 shares of company stock valued at $244,347,035 over the last ninety days. Corporate insiders own 0.51% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in shares of Talos Energy by 57.7% in the third quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company's stock valued at $136,000 after buying an additional 3,053 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Talos Energy in the third quarter worth about $9,513,000. Fortitude Family Office LLC lifted its stake in shares of Talos Energy by 8,502.0% in the third quarter. Fortitude Family Office LLC now owns 4,387 shares of the company's stock worth $72,000 after buying an additional 4,336 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Talos Energy by 317.7% during the third quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company's stock worth $148,000 after acquiring an additional 6,885 shares during the last quarter. Finally, Congress Asset Management Co. boosted its position in Talos Energy by 22.1% during the third quarter. Congress Asset Management Co. now owns 620,253 shares of the company's stock worth $10,129,000 after acquiring an additional 112,239 shares during the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Company Profile

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company's upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.

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