Talos Energy (NYSE:TALO) Given Sell (E+) Rating at Weiss Ratings

Key Points

• Talos Energy's stock has a "sell (e+)" rating reaffirmed by Weiss Ratings, indicating a negative outlook from analysts.
• The company reported a loss of $0.27 earnings per share in its last quarter, with revenues down by 22.7% compared to the previous year.
• Despite some analysts rating the stock a "Buy," the overall consensus is a "Moderate Buy" with a target price of around $14.43.

Talos Energy (NYSE:TALO - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the company. Wall Street Zen lowered Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Capital One Financial assumed coverage on Talos Energy in a report on Monday, June 16th. They set an "overweight" rating and a $14.00 target price on the stock. Finally, Mizuho reiterated a "neutral" rating and set a $11.00 target price on shares of Talos Energy in a report on Monday, September 15th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.43.

Talos Energy Stock Performance

Shares of Talos Energy stock traded up $0.04 during trading hours on Wednesday, hitting $10.12. 1,495,585 shares of the company were exchanged, compared to its average volume of 2,119,683. The business has a 50-day moving average of $9.21 and a 200-day moving average of $8.58. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -10.43 and a beta of 0.74. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. Talos Energy has a 1 year low of $6.23 and a 1 year high of $12.71.

Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.06. The firm had revenue of $424.72 million during the quarter, compared to analysts' expectations of $443.53 million. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.Talos Energy's revenue was down 22.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. As a group, analysts expect that Talos Energy will post -0.44 EPS for the current fiscal year.

Insider Transactions at Talos Energy

In related news, Director Paula R. Glover sold 6,159 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtus Fixed Income Advisers LLC acquired a new stake in shares of Talos Energy in the second quarter worth about $25,000. GAMMA Investing LLC increased its holdings in Talos Energy by 360.9% during the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock valued at $31,000 after purchasing an additional 2,501 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company's stock valued at $32,000 after purchasing an additional 2,123 shares in the last quarter. CWM LLC increased its stake in shares of Talos Energy by 186.3% in the 2nd quarter. CWM LLC now owns 6,027 shares of the company's stock valued at $51,000 after buying an additional 3,922 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Talos Energy by 571.3% in the 1st quarter. Signaturefd LLC now owns 5,612 shares of the company's stock valued at $55,000 after buying an additional 4,776 shares during the period. Hedge funds and other institutional investors own 89.35% of the company's stock.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.

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