Talos Energy (NYSE:TALO) Upgraded at Zacks Investment Research

Talos Energy (NYSE:TALOGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. The firm currently has a $21.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 12.90% from the stock’s current price.

According to Zacks, “Talos Energy LLC engages in exploration, development and production of oil and natural gas properties. It operates primarily in the Gulf of Mexico and in the shallow waters off the coast of Mexico. Talos Energy LLC, formerly known as Stone Energy Corporation, is based in Houston, Texas. “

A number of other brokerages also recently commented on TALO. BMO Capital Markets downgraded Talos Energy from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $14.00 to $12.50 in a research note on Monday, January 10th. TheStreet raised shares of Talos Energy from a “d” rating to a “c” rating in a research note on Friday, February 25th. Finally, KeyCorp increased their price objective on shares of Talos Energy from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, April 8th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Talos Energy has a consensus rating of “Buy” and an average target price of $18.56.

Shares of NYSE:TALO opened at $18.60 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.57 and a current ratio of 0.57. Talos Energy has a 52-week low of $8.57 and a 52-week high of $19.64. The business has a 50-day moving average price of $15.03. The stock has a market capitalization of $1.53 billion, a PE ratio of -8.27 and a beta of 2.59.

In other Talos Energy news, Director Riverstone Energy Partners V, sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $17.41, for a total value of $69,640,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.43% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of TALO. Point72 Hong Kong Ltd raised its position in Talos Energy by 159.5% in the 3rd quarter. Point72 Hong Kong Ltd now owns 4,687 shares of the company’s stock valued at $65,000 after purchasing an additional 2,881 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Talos Energy by 20.5% in the 3rd quarter. Mutual of America Capital Management LLC now owns 5,459 shares of the company’s stock valued at $75,000 after purchasing an additional 929 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Talos Energy by 43.4% during the 3rd quarter. Royal Bank of Canada now owns 5,885 shares of the company’s stock worth $82,000 after purchasing an additional 1,780 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Talos Energy by 2,305.6% in the third quarter. Meeder Asset Management Inc. now owns 6,038 shares of the company’s stock valued at $85,000 after buying an additional 5,787 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of Talos Energy by 39.0% during the 4th quarter. New York State Teachers Retirement System now owns 11,412 shares of the company’s stock worth $112,000 after acquiring an additional 3,200 shares in the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Company Profile (Get Rating)

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2021, the company had proved reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas, and 14,435 thousand barrels of crude oil.

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