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

Key Points

• Seven analysts give Talos an average recommendation of Hold (1 sell, 3 hold, 3 buy) with an average 12‑month price target of $13.50.
• Talos missed its latest quarter—EPS of ($0.44) vs. ($0.27) expected and revenue of $392.2M vs. $431.2M expected, with revenue down 19.2% year‑over‑year and a negative net margin (27.77%) and ROE (6.59%).
• Institutional investors own about 89.35% of the stock, with large recent increases in positions by firms such as Sourcerock, Nuveen, Federated Hermes, UBS Asset Management and Goldman Sachs.

Talos Energy Inc. (NYSE:TALO - Get Free Report) has been given an average recommendation of "Hold" by the seven brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $13.50.

A number of equities research analysts recently commented on the stock. Citigroup raised their price objective on shares of Talos Energy from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, January 23rd. Benchmark cut Talos Energy from a "buy" rating to a "hold" rating in a report on Thursday. Wall Street Zen lowered Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. KeyCorp increased 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. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Talos Energy in a research report on Monday, December 29th.

Talos Energy Stock Performance

NYSE:TALO opened at $13.27 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -4.67 and a beta of 0.54. The firm's fifty day moving average price is $12.01 and its 200 day moving average price is $10.80. Talos Energy has a 1-year low of $6.23 and a 1-year high of $13.85.

Talos Energy (NYSE:TALO - Get Free Report) last issued its earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The firm had revenue of $392.24 million during the quarter, compared to analysts' expectations of $431.22 million. During the same period in the previous year, the firm earned $0.08 EPS. The firm's revenue was down 19.2% on a year-over-year basis. On average, sell-side analysts expect that Talos Energy will post -0.44 EPS for the current year.

Institutional Trading of Talos Energy

Institutional investors have recently added to or reduced their stakes in the stock. Sourcerock Group LLC increased its holdings in Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company's stock valued at $94,918,000 after buying an additional 1,110,685 shares in the last quarter. Nuveen LLC boosted its stake in shares of Talos Energy by 341.7% during the 4th quarter. Nuveen LLC now owns 1,423,138 shares of the company's stock worth $15,683,000 after acquiring an additional 1,100,967 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Talos Energy by 2,347.6% in the 4th quarter. Federated Hermes Inc. now owns 643,231 shares of the company's stock worth $7,088,000 after acquiring an additional 616,951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Talos Energy by 25.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company's stock valued at $28,440,000 after purchasing an additional 592,509 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Talos Energy by 61.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,506,442 shares of the company's stock worth $16,601,000 after purchasing an additional 572,628 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

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.

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