Talos Energy (NYSE:TALO) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Talos Energy (TALO) from a "sell" to a "hold"; the stock's consensus rating is currently Hold (three Buy, three Hold, one Sell) with an average price target of $17.20.
• Talos missed quarterly estimates, reporting ($0.44) EPS vs. ($0.27) expected and revenue of $392.24M (down 19.2% year-over-year), leaving the company with negative net margin and return on equity.
• Insider selling: Control Empresarial De Capital sold 1,352,000 shares at about $16.68 (~$22.6M), trimming its stake by 3.17%, while institutional investors own roughly 89.35% of the stock; TALO recently traded near $15.56 with a 52-week range of $6.92–$17.00.

Talos Energy (NYSE:TALO - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

TALO has been the topic of several other reports. Mizuho boosted their price target on shares of Talos Energy from $14.00 to $15.00 and gave the stock a "neutral" rating in a report on Tuesday, March 17th. Roth Mkm restated a "neutral" rating and set a $16.00 price target (up from $13.00) on shares of Talos Energy in a report on Wednesday, April 8th. KeyCorp boosted their price target on shares of Talos Energy from $15.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, April 2nd. Citigroup boosted their price target on shares of Talos Energy from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, March 31st. Finally, Benchmark lowered shares of Talos Energy from a "buy" rating to a "hold" rating in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.20.

Talos Energy Stock Down 2.2%

Talos Energy stock opened at $15.56 on Friday. Talos Energy has a fifty-two week low of $6.92 and a fifty-two week high of $17.00. The stock has a market cap of $2.60 billion, a PE ratio of -5.48 and a beta of 0.35. The firm's 50-day simple moving average is $14.44 and its 200 day simple moving average is $12.26. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.30 and a current ratio of 1.30.

Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly 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 return on equity of 6.59% and a negative net margin of 27.77%.The firm had revenue of $392.24 million for the quarter, compared to analysts' expectations of $431.22 million. During the same quarter last year, the firm posted $0.08 earnings per share. The firm's revenue for the quarter was down 19.2% compared to the same quarter last year. Research analysts predict that Talos Energy will post 0.21 EPS for the current fiscal year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of Talos Energy stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $16.68, for a total value of $22,551,360.00. Following the sale, the insider owned 41,233,604 shares of the company's stock, valued at approximately $687,776,514.72. The trade was a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.36% of the company's stock.

Institutional Trading of Talos Energy

Several hedge funds have recently added to or reduced their stakes in TALO. Smartleaf Asset Management LLC raised its position in shares of Talos Energy by 20.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company's stock valued at $59,000 after purchasing an additional 884 shares during the period. Larson Financial Group LLC raised its position in shares of Talos Energy by 28.4% in the fourth quarter. Larson Financial Group LLC now owns 4,240 shares of the company's stock valued at $47,000 after purchasing an additional 939 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company's stock valued at $54,000 after purchasing an additional 1,049 shares during the period. US Bancorp DE raised its position in shares of Talos Energy by 17.4% in the third quarter. US Bancorp DE now owns 7,089 shares of the company's stock valued at $68,000 after purchasing an additional 1,050 shares during the period. Finally, Royce & Associates LP raised its position in shares of Talos Energy by 8.3% in the third quarter. Royce & Associates LP now owns 15,740 shares of the company's stock valued at $151,000 after purchasing an additional 1,211 shares during the period. 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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