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

Talos Energy Inc. (NYSE:TALO) has earned an average rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $13.50.

Several research firms have recently weighed in on TALO. Wall Street Zen cut Talos Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 12th. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. KeyCorp raised their price target on shares of Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Mizuho lifted their price objective on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Citigroup increased their target price on shares of Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, January 23rd.

Hedge Funds Weigh In On Talos Energy

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its position in shares of Talos Energy by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock valued at $33,682,000 after acquiring an additional 141,518 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new position in Talos Energy in the fourth quarter valued at approximately $439,000. Bleakley Financial Group LLC increased its position in shares of Talos Energy by 19.6% during the 4th quarter. Bleakley Financial Group LLC now owns 43,320 shares of the company’s stock worth $477,000 after purchasing an additional 7,107 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of Talos Energy by 23.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 15,121 shares of the company’s stock worth $167,000 after purchasing an additional 2,852 shares during the last quarter. Finally, Mach 1 Financial Group LLC bought a new stake in shares of Talos Energy during the 4th quarter worth approximately $187,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Price Performance

Shares of NYSE TALO opened at $12.94 on Tuesday. The company has a fifty day moving average price of $11.42 and a 200 day moving average price of $10.22. The firm has a market cap of $2.20 billion, a PE ratio of -6.44 and a beta of 0.58. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. Talos Energy has a 1-year low of $6.23 and a 1-year high of $12.95.

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.