Talos Energy Inc. (NYSE:TALO) Receives Average Recommendation of “Hold” from Analysts

Talos Energy Inc. (NYSE:TALO) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $14.25.

A number of brokerages have issued reports on TALO. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Mizuho upped their price objective on Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Wall Street Zen lowered shares of Talos Energy from a “hold” rating to a “sell” rating in a report on Monday. Finally, KeyCorp upped their target price on shares of Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $11.64 on Friday. The company has a market capitalization of $1.98 billion, a P/E ratio of -5.79 and a beta of 0.57. Talos Energy has a 1-year low of $6.23 and a 1-year high of $12.32. The firm’s 50 day simple moving average is $11.10 and its two-hundred day simple moving average is $9.83. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.27 and a quick ratio of 1.27.

Institutional Investors Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TALO. Virtus Fixed Income Advisers LLC bought a new stake in shares of Talos Energy during the second quarter valued at approximately $25,000. Larson Financial Group LLC increased its holdings in Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after purchasing an additional 1,942 shares during the period. Smartleaf Asset Management LLC increased its holdings in Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after purchasing an additional 2,123 shares during the period. Quarry LP bought a new stake in Talos Energy during the 3rd quarter valued at $36,000. Finally, CWM LLC lifted its holdings in shares of Talos Energy by 186.3% in the 2nd quarter. CWM LLC now owns 6,027 shares of the company’s stock worth $51,000 after buying an additional 3,922 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.