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

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $13.50.

A number of research analysts have issued reports on the company. Mizuho lifted their price objective on Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Citigroup boosted their price target on shares of Talos Energy from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, KeyCorp lifted their target price on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research note on Friday, December 5th.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of TALO. Kestra Advisory Services LLC increased its stake in shares of Talos Energy by 8.9% in the fourth quarter. Kestra Advisory Services LLC now owns 30,492 shares of the company’s stock valued at $336,000 after buying an additional 2,492 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Talos Energy by 7.9% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 110,277 shares of the company’s stock worth $1,215,000 after acquiring an additional 8,064 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Talos Energy by 20.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company’s stock valued at $59,000 after acquiring an additional 884 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Talos Energy by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,448,133 shares of the company’s stock valued at $26,978,000 after acquiring an additional 9,187 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new position in shares of Talos Energy in the fourth quarter worth about $2,480,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Stock Up 4.0%

Shares of TALO opened at $13.11 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $11.52 and a two-hundred day moving average price of $10.32. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -6.52 and a beta of 0.58. Talos Energy has a 12 month low of $6.23 and a 12 month high of $13.40.

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.