Talos Energy (NYSE:TALO) Raised to Hold at Wall Street Zen

Talos Energy (NYSE:TALO) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also issued reports about the company. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. KeyCorp upped their target price on shares of Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Citigroup raised 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. Finally, Mizuho boosted their price target on shares of Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Talos Energy presently has a consensus rating of “Hold” and a consensus target price of $13.50.

Talos Energy Stock Performance

Shares of Talos Energy stock opened at $13.11 on Friday. Talos Energy has a 52 week low of $6.23 and a 52 week high of $13.40. 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 business has a 50 day moving average price of $11.52 and a 200-day moving average price of $10.31. The company has a market cap of $2.23 billion, a PE ratio of -6.52 and a beta of 0.58.

Hedge Funds Weigh In On Talos Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC raised its position in Talos Energy by 8.9% in the fourth quarter. Kestra Advisory Services LLC now owns 30,492 shares of the company’s stock worth $336,000 after acquiring an additional 2,492 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of 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 purchasing an additional 8,064 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Talos Energy by 20.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company’s stock worth $59,000 after purchasing an additional 884 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Talos Energy by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,448,133 shares of the company’s stock valued at $26,978,000 after purchasing an additional 9,187 shares during the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in Talos Energy in the fourth quarter valued at approximately $2,480,000. Institutional investors own 89.35% of the company’s stock.

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.