Talos Energy (NYSE:TALO) Upgraded by Wall Street Zen to “Hold” Rating

Talos Energy (NYSE:TALO) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other research firms have also issued reports on TALO. Mizuho boosted their price target on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Citigroup boosted their target price on shares of Talos Energy from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, January 23rd. KeyCorp increased their target price on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.50.

Talos Energy Trading Up 4.0%

Shares of Talos Energy stock opened at $13.11 on Friday. The stock has a market capitalization of $2.23 billion, a P/E ratio of -6.52 and a beta of 0.58. Talos Energy has a 52-week low of $6.23 and a 52-week high of $13.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s 50-day simple moving average is $11.52 and its 200 day simple moving average is $10.31.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TALO. Sourcerock Group LLC boosted its stake in Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after buying an additional 1,110,685 shares during the period. Vanguard Group Inc. raised its holdings in shares of Talos Energy by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock valued at $91,358,000 after acquiring an additional 164,999 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Talos Energy by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,967,001 shares of the company’s stock valued at $98,819,000 after acquiring an additional 345,765 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Talos Energy by 8.6% during the 3rd quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after acquiring an additional 455,409 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Talos Energy by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock worth $33,682,000 after purchasing an additional 141,518 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

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.