Talos Energy (NYSE:TALO) Raised to “Strong-Buy” at Wall Street Zen

by · The Markets Daily

Talos Energy (NYSE:TALO – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a report released on Saturday.

A number of other research firms also recently commented on TALO. Citigroup reduced their target price 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 raised shares of Talos Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Stephens reiterated an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a report on Wednesday, July 1st. JPMorgan Chase & Co. raised their price objective on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Mizuho boosted their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Get Our Latest Report on TALO

Talos Energy Stock Down 0.1%

TALO opened at $14.37 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50 day simple moving average of $14.24 and a 200-day simple moving average of $14.16. The stock has a market capitalization of $2.40 billion, a P/E ratio of -6.04 and a beta of 0.35. Talos Energy has a 12 month low of $7.72 and a 12 month high of $17.05.

Talos Energy (NYSE:TALO – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The firm had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. During the same period in the previous year, the business earned ($0.27) earnings per share. The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. On average, equities analysts anticipate that Talos Energy will post 0.48 earnings per share for the current fiscal year.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital sold 339,568 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the completion of the transaction, the insider owned 40,460,036 shares of the company’s stock, valued at approximately $679,728,604.80. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Talos Energy during the 2nd quarter valued at $256,801,000. Sourcerock Group LLC increased its holdings in Talos Energy by 11.0% in the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. Nuveen LLC increased its holdings in Talos Energy by 341.7% in the 4th quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock valued at $15,683,000 after purchasing an additional 1,100,967 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Talos Energy in the 2nd quarter valued at $9,297,000. Finally, Federated Hermes Inc. raised its position in Talos Energy by 2,347.6% in the fourth quarter. Federated Hermes Inc. now owns 643,231 shares of the company’s stock valued at $7,088,000 after purchasing an additional 616,951 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

(Get Free Report)

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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