Brokerages Set Talos Energy Inc. (NYSE:TALO) Target Price at $14.25

Shares of Talos Energy Inc. (NYSE:TALO) have been given an average rating of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.25.

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

Talos Energy Stock Performance

Shares of TALO opened at $11.40 on Friday. The company has a market capitalization of $1.94 billion, a PE ratio of -5.67 and a beta of 0.57. 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 one year low of $6.23 and a one year high of $12.32. The company’s fifty day moving average price is $11.12 and its 200 day moving average price is $9.86.

Institutional Trading of Talos Energy

Institutional investors and hedge funds have recently modified their holdings of the company. BWM Planning LLC bought a new stake in shares of Talos Energy in the 4th quarter valued at approximately $203,000. CoreCap Advisors LLC grew its position in Talos Energy by 20.3% in the fourth quarter. CoreCap Advisors LLC now owns 17,200 shares of the company’s stock valued at $190,000 after acquiring an additional 2,900 shares during the period. SG Americas Securities LLC grew its holdings in shares of Talos Energy by 292.6% in the 4th quarter. SG Americas Securities LLC now owns 268,362 shares of the company’s stock worth $2,957,000 after purchasing an additional 200,000 shares during the last quarter. Doliver Advisors LP acquired a new stake in shares of Talos Energy during the 4th quarter worth about $110,000. Finally, GAMMA Investing LLC increased its position in shares of Talos Energy by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 14,197 shares of the company’s stock worth $156,000 after purchasing an additional 1,940 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

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.