Talos Energy (NYSE:TALO) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Talos Energy (NYSE:TALO) from a buy rating to a hold rating in a research report report published on Thursday morning, Zacks.com reports.

According to Zacks, “Talos Energy LLC engages in exploration, development and production of oil and natural gas properties. It operates primarily in the Gulf of Mexico and in the shallow waters off the coast of Mexico. Talos Energy LLC, formerly known as Stone Energy Corporation, is based in Houston, Texas. “

A number of other brokerages have also issued reports on TALO. Northland Securities restated a buy rating and set a $40.00 target price on shares of Talos Energy in a research report on Tuesday, April 16th. ValuEngine lowered shares of Talos Energy from a sell rating to a strong sell rating in a research report on Monday, June 3rd. Finally, Stephens set a $37.00 target price on shares of Talos Energy and gave the stock a buy rating in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company has an average rating of Buy and an average target price of $38.33.

Shares of TALO traded down $0.03 during mid-day trading on Thursday, reaching $22.50. 66,120 shares of the company’s stock were exchanged, compared to its average volume of 224,604. The firm has a market cap of $1.22 billion, a PE ratio of 8.46 and a beta of 1.74. Talos Energy has a 52-week low of $14.60 and a 52-week high of $37.64.

Talos Energy (NYSE:TALO) last announced its earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.24. The business had revenue of $178.71 million for the quarter, compared to analyst estimates of $178.06 million. Talos Energy had a net margin of 14.59% and a return on equity of 2.83%. As a group, analysts expect that Talos Energy will post 3.15 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Encompass Capital Advisors LLC grew its position in Talos Energy by 9.0% in the 1st quarter. Encompass Capital Advisors LLC now owns 1,865,559 shares of the company’s stock valued at $49,549,000 after buying an additional 154,135 shares during the last quarter. BlackRock Inc. grew its position in Talos Energy by 1.0% in the 1st quarter. BlackRock Inc. now owns 1,490,973 shares of the company’s stock valued at $39,601,000 after buying an additional 14,272 shares during the last quarter. Vanguard Group Inc. grew its position in Talos Energy by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,038,064 shares of the company’s stock valued at $30,764,000 after buying an additional 7,013 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Talos Energy by 17.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,029,542 shares of the company’s stock valued at $27,345,000 after buying an additional 153,904 shares during the last quarter. Finally, Royce & Associates LP grew its position in Talos Energy by 0.3% in the 4th quarter. Royce & Associates LP now owns 700,138 shares of the company’s stock valued at $11,426,000 after buying an additional 1,959 shares during the last quarter. Hedge funds and other institutional investors own 97.68% of the company’s stock.

About Talos Energy

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.

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