Talos Energy (NYSE:TALO) Upgraded to “B-” by TheStreet

TheStreet upgraded shares of Talos Energy (NYSE:TALOGet Rating) from a c- rating to a b- rating in a report issued on Thursday morning, TheStreetRatingsTable reports.

TALO has been the topic of several other reports. Roth Capital lifted their target price on Talos Energy from $18.00 to $23.00 in a report on Friday, April 22nd. MKM Partners reaffirmed a buy rating and issued a $23.00 target price on shares of Talos Energy in a report on Wednesday, July 20th. Stephens began coverage on Talos Energy in a report on Wednesday, April 13th. They issued an overweight rating and a $28.00 target price on the stock. Finally, KeyCorp boosted their price objective on Talos Energy from $22.00 to $24.00 and gave the stock an overweight rating in a research note on Thursday, May 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $20.94.

Talos Energy Price Performance

Shares of Talos Energy stock opened at $18.35 on Thursday. The stock’s 50-day simple moving average is $17.95 and its 200-day simple moving average is $16.67. Talos Energy has a 52 week low of $8.57 and a 52 week high of $25.49. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 7.98 and a beta of 2.33. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.33.

Talos Energy (NYSE:TALOGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.43 by $0.30. Talos Energy had a return on equity of 26.36% and a net margin of 12.02%. The business had revenue of $413.57 million for the quarter, compared to the consensus estimate of $312.21 million. As a group, analysts expect that Talos Energy will post 3.89 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Riverstone Energy Partners V, sold 100,438 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $23.65, for a total value of $2,375,358.70. Following the completion of the sale, the director now owns 12,908,470 shares in the company, valued at $305,285,315.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Riverstone Energy Partners V, sold 100,438 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $23.65, for a total value of $2,375,358.70. Following the completion of the sale, the director now owns 12,908,470 shares in the company, valued at $305,285,315.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Riverstone Holdings Llc sold 71,025 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $22.63, for a total value of $1,607,295.75. Following the completion of the sale, the director now owns 13,295,898 shares of the company’s stock, valued at approximately $300,886,171.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,163,437 shares of company stock valued at $24,948,307. 0.79% of the stock is currently owned by insiders.

Institutional Trading of Talos Energy

A number of hedge funds have recently bought and sold shares of TALO. Sourcerock Group LLC lifted its holdings in Talos Energy by 92.0% during the fourth quarter. Sourcerock Group LLC now owns 3,882,131 shares of the company’s stock worth $38,045,000 after buying an additional 1,859,998 shares during the period. Vanguard Group Inc. lifted its holdings in Talos Energy by 29.3% during the first quarter. Vanguard Group Inc. now owns 4,250,289 shares of the company’s stock worth $67,112,000 after buying an additional 962,857 shares during the period. Philosophy Capital Management LLC purchased a new stake in Talos Energy during the first quarter worth $13,109,000. Assenagon Asset Management S.A. lifted its holdings in Talos Energy by 129.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,389,654 shares of the company’s stock worth $21,498,000 after buying an additional 785,258 shares during the period. Finally, Cooper Creek Partners Management LLC purchased a new stake in Talos Energy during the first quarter worth $11,193,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Talos Energy Company Profile

(Get Rating)

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2021, the company had proved reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas, and 14,435 thousand barrels of crude oil.

Further Reading

Analyst Recommendations for Talos Energy (NYSE:TALO)

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