BMO Capital Sticks to Its Hold Rating for Talos Energy (TALO)

In a report released today, Phillip Jungwirth from BMO Capital maintained a Hold rating on Talos Energy, with a price target of $16.00.

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According to TipRanks, Jungwirth is a 4-star analyst with an average return of 7.4% and a 51.80% success rate. Jungwirth covers the Energy sector, focusing on stocks such as Chevron, Ovintiv, and Valero Energy.

In addition to BMO Capital, Talos Energy also received a Hold from Roth MKM’s Leo Mariani in a report issued on April 8. However, on April 1, KeyBanc maintained a Buy rating on Talos Energy (NYSE: TALO).

Based on Talos Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $392.24 million and a GAAP net loss of $204.64 million. In comparison, last year the company earned a revenue of $485.19 million and had a GAAP net loss of $64.51 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TALO in relation to earlier this year. Last month, Carso De-C Inmobiliaria, a Major Shareholder at TALO sold 2,312,000.00 shares for a total of $38,535,360.00.