Talos Energy (NYSE:TALO) Stock Rating Cut to “Hold” at Zacks Research

Talos Energy (NYSE:TALO) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

TALO has been the topic of several other research reports. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Stephens reissued an “overweight” rating and set a $20.00 price target on shares of Talos Energy in a research report on Wednesday, July 1st. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Citigroup raised their price objective on shares of Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.43.

Talos Energy Price Performance

NYSE:TALO opened at $18.05 on Monday. Talos Energy has a one year low of $8.97 and a one year high of $18.73. The stock has a market cap of $3.01 billion, a PE ratio of -7.58 and a beta of 0.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a 50 day moving average price of $16.94 and a 200 day moving average price of $15.49.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The company had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.27) earnings per share. Equities research analysts expect that Talos Energy will post 1.58 EPS for the current fiscal year.

Insider Transactions at Talos Energy

In related news, insider John Spath sold 90,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $16.90, for a total transaction of $1,521,000.00. Following the completion of the transaction, the insider owned 178,788 shares of the company’s stock, valued at approximately $3,021,517.20. This trade represents a 33.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William Moss, III sold 120,000 shares of Talos Energy stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the completion of the sale, the insider owned 305,117 shares of the company’s stock, valued at $5,284,626.44. This trade represents a 28.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,089,753 shares of company stock worth $244,347,035. 0.51% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Talos Energy

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Talos Energy in the second quarter valued at $256,801,000. Canada Pension Plan Investment Board acquired a new position in Talos Energy during the 2nd quarter worth approximately $51,874,000. Webs Creek Capital Management LP acquired a new position in Talos Energy during the 2nd quarter worth approximately $27,039,375. Empowered Funds LLC acquired a new position in Talos Energy during the 2nd quarter worth approximately $16,280,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Talos Energy in the 2nd quarter valued at approximately $12,875,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

About Talos Energy

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.