Talos Energy (NYSE:TALO) Rating Lowered to “Hold” at Benchmark

Talos Energy (NYSE:TALO) was downgraded by stock analysts at Benchmark from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, MarketBeat.com reports.

Other equities research analysts also recently issued research reports about the company. Mizuho increased their price objective on Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Wall Street Zen lowered shares of Talos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Citigroup lifted their price objective on shares of Talos Energy from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Finally, KeyCorp raised their target price on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research note on Friday, December 5th. Three investment 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. According to data from MarketBeat.com, Talos Energy has an average rating of “Hold” and a consensus target price of $13.50.

Talos Energy Stock Up 1.2%

Talos Energy stock traded up $0.15 during mid-day trading on Thursday, reaching $13.19. The company’s stock had a trading volume of 657,714 shares, compared to its average volume of 2,060,097. The business’s 50 day simple moving average is $11.92 and its 200 day simple moving average is $10.75. 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 has a 12 month low of $6.23 and a 12 month high of $13.85. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -4.64 and a beta of 0.54.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Tuesday, February 24th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.17). The business had revenue of $392.24 million for the quarter, compared to analyst estimates of $431.22 million. Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The company’s quarterly revenue was down 19.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share. As a group, research analysts anticipate that Talos Energy will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently made changes to their positions in TALO. Virtus Fixed Income Advisers LLC bought a new position in shares of Talos Energy during the second quarter worth approximately $25,000. Larson Financial Group LLC grew its holdings in Talos Energy by 142.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after buying an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after buying an additional 2,123 shares in the last quarter. Quarry LP bought a new position in Talos Energy during the 3rd quarter worth $36,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Talos Energy by 22.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after buying an additional 1,049 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

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.