Talos Energy Inc. (NYSE:TALO) Receives $14.25 Average PT from Brokerages

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $14.25.

Several equities research analysts have issued reports on TALO shares. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 22nd. Wall Street Zen downgraded Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Mizuho lifted their target price on Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, KeyCorp upped their price target on Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th.

Talos Energy Stock Performance

NYSE TALO opened at $10.90 on Monday. The company has a fifty day moving average price of $10.69 and a 200-day moving average price of $9.64. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -5.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.27 and a quick ratio of 1.27. Talos Energy has a 1 year low of $6.23 and a 1 year high of $12.19.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Friday, January 6th. The company reported $0.45 earnings per share for the quarter. The business had revenue of $382.96 million for the quarter. Talos Energy had a negative net margin of 19.02% and a negative return on equity of 2.76%. As a group, equities research analysts predict that Talos Energy will post -0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Talos Energy

A number of large investors have recently added to or reduced their stakes in TALO. Sourcerock Group LLC boosted its position in Talos Energy by 11.0% during the 2nd 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Talos Energy by 25.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock valued at $28,440,000 after acquiring an additional 592,509 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Talos Energy during the first quarter worth about $5,327,000. American Century Companies Inc. grew its stake in shares of Talos Energy by 8.6% in the third quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock worth $55,295,000 after purchasing an additional 455,409 shares during the last quarter. Finally, Philosophy Capital Management LLC grew its stake in shares of Talos Energy by 11.5% in the first quarter. Philosophy Capital Management LLC now owns 4,251,212 shares of the company’s stock worth $41,322,000 after purchasing an additional 437,788 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

About Talos Energy

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.