Talos Energy (NYSE:TALO) Earns Neutral Rating from Roth Mkm

Key Points

• Roth Mkm reissued a "neutral" rating on Talos Energy (TALO) and raised its price target to $16.00 from $13.00, implying roughly a 0.63% downside from the current share price.
• Talos missed its latest quarter (reported Feb. 24) with EPS of ($0.44) versus ($0.27) expected and revenue of $392.24M versus $431.22M expected, with revenue down 19.2% year-over-year and a negative net margin of 27.77%.
• Analyst views are mixed — three Buy, three Hold and one Sell — producing a consensus rating of Hold and a consensus price target of $17.20.

Talos Energy (NYSE:TALO - Get Free Report)'s stock had its "neutral" rating reissued by investment analysts at Roth Mkm in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $16.00 price objective on the stock, up from their prior price objective of $13.00. Roth Mkm's target price indicates a potential downside of 0.63% from the stock's current price.

A number of other equities research analysts have also recently issued reports on TALO. Mizuho boosted their price objective on Talos Energy from $14.00 to $15.00 and gave the company a "neutral" rating in a research note on Tuesday, March 17th. Benchmark cut Talos Energy from a "buy" rating to a "hold" rating in a research note on Thursday, March 5th. Wall Street Zen upgraded Talos Energy from a "sell" rating to a "hold" rating in a research note on Saturday. Weiss Ratings restated a "sell (d)" rating on shares of Talos Energy in a research note on Monday, December 29th. Finally, Citigroup boosted their price objective on Talos Energy from $16.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, March 31st. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.20.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $16.10 on Wednesday. The company's 50-day moving average is $13.67 and its 200 day moving average is $11.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $2.71 billion, a P/E ratio of -5.67 and a beta of 0.35. Talos Energy has a fifty-two week low of $6.23 and a fifty-two week high of $17.00.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $392.24 million during the quarter, compared to analysts' expectations of $431.22 million. During the same period last year, the firm posted $0.08 earnings per share. Talos Energy's quarterly revenue was down 19.2% compared to the same quarter last year. On average, equities research analysts forecast that Talos Energy will post -0.44 earnings per share for the current year.

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital sold 1,352,000 shares of the company's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the sale, the insider directly owned 41,233,604 shares in the company, 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 SEC, which is available at this link. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in shares of Talos Energy by 20.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company's stock valued at $59,000 after buying an additional 884 shares during the period. Larson Financial Group LLC increased its position in shares of Talos Energy by 28.4% during the fourth quarter. Larson Financial Group LLC now owns 4,240 shares of the company's stock valued at $47,000 after buying an additional 939 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Talos Energy by 22.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company's stock valued at $54,000 after buying an additional 1,049 shares during the period. US Bancorp DE increased its position in shares of Talos Energy by 17.4% during the third quarter. US Bancorp DE now owns 7,089 shares of the company's stock valued at $68,000 after buying an additional 1,050 shares during the period. Finally, Royce & Associates LP increased its position in shares of Talos Energy by 8.3% during the third quarter. Royce & Associates LP now owns 15,740 shares of the company's stock valued at $151,000 after buying an additional 1,211 shares during the period. 89.35% of the stock is currently owned by institutional investors.

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.

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