Talos Energy (NYSE:TALO) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen has downgraded Talos Energy (NYSE:TALO) from a "hold" rating to a "sell" rating in a report issued recently.
• KeyCorp has reduced its price target for Talos Energy from $16.00 to $12.00, while Capital One maintains a price target of $14.00 with an "overweight" rating.
• The company's latest quarterly earnings report showed a loss of $0.27 EPS, which was better than the market's expectation of a loss of $0.33 EPS.

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

Several other equities analysts have also recently commented on the stock. Capital One Financial initiated coverage on shares of Talos Energy in a research report on Monday, June 16th. They issued an "overweight" rating and a $14.00 price target for the company. KeyCorp decreased their price target on shares of Talos Energy from $16.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Finally, Mizuho decreased their price target on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

Talos Energy Trading Up 3.1%

Shares of NYSE:TALO traded up $0.25 during mid-day trading on Friday, reaching $8.09. 1,514,310 shares of the company were exchanged, compared to its average volume of 2,284,132. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -8.35 and a beta of 0.81. The firm's 50-day simple moving average is $8.61 and its 200 day simple moving average is $8.48. 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 posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates of ($0.33) by $0.06. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The firm had revenue of $424.72 million during the quarter, compared to analysts' expectations of $443.53 million. During the same quarter last year, the company posted $0.03 EPS. The firm's quarterly revenue was down 22.7% on a year-over-year basis. Equities research analysts forecast that Talos Energy will post -0.44 EPS for the current year.

Institutional Investors Weigh In On Talos Energy

Several institutional investors have recently modified their holdings of TALO. GAMMA Investing LLC increased its stake in Talos Energy by 360.9% in the first 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 during the period. Sterling Capital Management LLC increased its stake in Talos Energy by 787.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company's stock valued at $44,000 after purchasing an additional 4,053 shares during the period. Parallel Advisors LLC increased its stake in Talos Energy by 2,601.0% in the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock valued at $52,000 after purchasing an additional 5,124 shares during the period. Signaturefd LLC increased its stake in Talos Energy by 571.3% in the first quarter. Signaturefd LLC now owns 5,612 shares of the company's stock valued at $55,000 after purchasing an additional 4,776 shares during the period. Finally, CWM LLC increased its stake in Talos Energy by 186.3% in the second quarter. CWM LLC now owns 6,027 shares of the company's stock valued at $51,000 after purchasing an additional 3,922 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Company Profile

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.