Talos Energy (NYSE:TALO) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Talos Energy from “hold” to “strong-buy,” although the broader analyst consensus remains “hold,” with an average price target of $18.50.
• Talos Energy shares were trading at $14.37, up 2.1%, while the company reported quarterly EPS of $0.57 versus the $0.36 consensus estimate and revenue of $664.81 million, up 56.5% year over year.
• Institutional ownership is substantial at 89.35%: BlackRock initiated a $256.8 million position, while Sourcerock, Dimensional Fund Advisors, Geode Capital and UBS increased their holdings.

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

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised their target price on Talos Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 13th. Mizuho upped their price target on Talos Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Wednesday, May 27th. Citigroup dropped their price objective on Talos Energy from $20.00 to $18.00 and set a "buy" rating for the company in a report on Monday, July 20th. Roth Capital upgraded Talos Energy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Finally, Stephens reissued an "overweight" rating and set a $20.00 target price on shares of Talos Energy in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $18.50.

Talos Energy Trading Up 2.1%

NYSE:TALO opened at $14.37 on Friday. The company has a fifty day moving average of $14.24 and a 200 day moving average of $14.14. Talos Energy has a 52 week low of $7.72 and a 52 week high of $17.05. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $2.40 billion, a P/E ratio of -6.04 and a beta of 0.35.

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, topping analysts' consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The company's revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.27) EPS. On average, research analysts predict that Talos Energy will post 0.48 earnings per share for the current year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of the firm's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total value of $5,704,742.40. Following the completion of the sale, the insider directly owned 40,460,036 shares in the company, valued at $679,728,604.80. This trade represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.51% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TALO. BlackRock Inc. purchased a new stake in Talos Energy in the second quarter worth $256,801,000. Sourcerock Group LLC lifted its position in Talos Energy by 11.0% during 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 during the period. Dimensional Fund Advisors LP lifted its position in Talos Energy by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company's stock valued at $149,234,000 after buying an additional 501,552 shares during the period. Geode Capital Management LLC lifted its position in Talos Energy by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company's stock valued at $33,682,000 after buying an additional 141,518 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Talos Energy by 25.0% during 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 buying an additional 592,509 shares in the last quarter. 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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