Talos Energy Inc. (NYSE:TALO) Given Average Rating of “Hold” by Brokerages

Shares of Talos Energy Inc. (NYSE:TALO) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. One investment 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 1 year price target among analysts that have covered the stock in the last year is $13.50.

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

Institutional Investors Weigh In On Talos Energy

Several large investors have recently modified their holdings of the business. Sourcerock Group LLC raised its position in shares of Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Talos Energy by 25.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after purchasing an additional 592,509 shares in the last quarter. American Century Companies Inc. raised its holdings in Talos Energy by 8.6% during the 3rd quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock worth $55,295,000 after buying an additional 455,409 shares during the period. CSM Advisors LLC bought a new position in Talos Energy in the third quarter valued at approximately $3,807,000. Finally, Soviero Asset Management LP bought a new position in Talos Energy in the third quarter valued at approximately $3,644,000. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Stock Performance

Shares of Talos Energy stock opened at $12.94 on Tuesday. The firm has a fifty day moving average of $11.42 and a two-hundred day moving average of $10.22. 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 has a market capitalization of $2.20 billion, a price-to-earnings ratio of -6.44 and a beta of 0.58. Talos Energy has a 52 week low of $6.23 and a 52 week high of $12.95.

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.