Talos Energy Inc. (NYSE:TALO) Receives $13.50 Consensus Price Target from Analysts

Talos Energy Inc. (NYSE:TALO) has been given an average rating of “Hold” by the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $13.50.

TALO has been the subject of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Mizuho increased their price target on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Citigroup boosted their price objective on shares of Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. KeyCorp upped their target price on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a report on Friday, December 5th. Finally, Wall Street Zen upgraded Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday.

Institutional Investors Weigh In On Talos Energy

A number of large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new position in shares of Talos Energy during the third quarter worth approximately $3,635,000. SummerHaven Investment Management LLC acquired a new stake in Talos Energy during the third quarter worth approximately $901,000. American Century Companies Inc. increased its stake in Talos Energy by 9.2% during the 2nd quarter. American Century Companies Inc. now owns 5,310,496 shares of the company’s stock worth $45,033,000 after acquiring an additional 449,377 shares during the period. Franklin Resources Inc. raised its holdings in Talos Energy by 7.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,359,603 shares of the company’s stock valued at $11,529,000 after acquiring an additional 97,901 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Talos Energy by 212.5% during the 2nd quarter. Prudential Financial Inc. now owns 392,694 shares of the company’s stock valued at $3,330,000 after acquiring an additional 267,045 shares during the period. Institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Performance

Shares of NYSE TALO opened at $13.11 on Tuesday. 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 50 day moving average price of $11.55 and a 200 day moving average price of $10.36. The stock has a market capitalization of $2.23 billion, a PE ratio of -6.52 and a beta of 0.58. Talos Energy has a 52 week low of $6.23 and a 52 week 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.