Talos Energy (NYSE:TALO) Upgraded to “Sell” at ValuEngine

ValuEngine upgraded shares of Talos Energy (NYSE:TALO) from a strong sell rating to a sell rating in a research report report published on Wednesday morning, ValuEngine reports.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Talos Energy from a hold rating to a strong sell rating in a research note on Tuesday, September 24th. Guggenheim set a $49.00 price target on shares of Talos Energy and gave the stock a buy rating in a report on Wednesday, August 21st. Roth Capital cut their price target on shares of Talos Energy from $45.00 to $40.00 and set a buy rating on the stock in a report on Monday, August 26th. Finally, Northland Securities reiterated a buy rating and set a $32.00 price target on shares of Talos Energy in a report on Sunday, September 1st. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $36.40.

Shares of NYSE TALO traded up $0.04 during midday trading on Wednesday, reaching $18.94. 205,964 shares of the company were exchanged, compared to its average volume of 231,957. The stock’s 50-day moving average price is $20.93 and its 200-day moving average price is $23.91. The stock has a market cap of $1.06 billion, a P/E ratio of 7.12 and a beta of 1.69. Talos Energy has a one year low of $14.60 and a one year high of $34.00. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.71.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, August 7th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.22. The firm had revenue of $286.81 million for the quarter, compared to analysts’ expectations of $268.23 million. Talos Energy had a net margin of 30.24% and a return on equity of 15.59%. On average, equities research analysts anticipate that Talos Energy will post 2.14 EPS for the current year.

Several large investors have recently modified their holdings of TALO. Victory Capital Management Inc. acquired a new position in shares of Talos Energy during the second quarter worth $40,000. SG3 Management LLC acquired a new position in shares of Talos Energy during the first quarter worth $64,000. Point72 Hong Kong Ltd acquired a new position in shares of Talos Energy during the second quarter worth $98,000. LSV Asset Management acquired a new position in shares of Talos Energy during the second quarter worth $127,000. Finally, Aperio Group LLC acquired a new position in shares of Talos Energy during the second quarter worth $128,000. Institutional investors own 98.09% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

Read More: Are we seeing the beginning of a new bubble?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.