Talos Energy (NYSE:TALO) Reaches New 12-Month High – What’s Next?

Talos Energy Inc. (NYSE:TALO) shares hit a new 52-week high on Thursday . The stock traded as high as $12.37 and last traded at $11.9930, with a volume of 680283 shares traded. The stock had previously closed at $11.79.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a report on Monday, January 12th. KeyCorp raised their price objective on Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th. Citigroup lifted their target price on Talos Energy from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Finally, Mizuho boosted 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. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.58.

Talos Energy Stock Up 3.0%

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.27 and a quick ratio of 1.27. The business’s fifty day moving average price is $11.26 and its two-hundred day moving average price is $10.01. The stock has a market capitalization of $2.06 billion, a PE ratio of -6.04 and a beta of 0.57.

Institutional Trading of Talos Energy

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

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.