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

Shares of Talos Energy Inc. (NYSE:TALO) have received an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $14.25.

TALO has been the topic of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a report on Monday, January 12th. KeyCorp boosted 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. Finally, Mizuho raised their target price on Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in TALO. Royal Bank of Canada boosted its holdings in Talos Energy by 11.8% during the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock valued at $278,000 after purchasing an additional 3,007 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Talos Energy by 152.1% during the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock worth $884,000 after buying an additional 54,854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Talos Energy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after buying an additional 3,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Talos Energy by 16.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock valued at $21,224,000 after buying an additional 304,205 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Talos Energy by 201.5% in the second quarter. GAMMA Investing LLC now owns 9,631 shares of the company’s stock valued at $82,000 after acquiring an additional 6,437 shares during the period. 89.35% of the stock is owned by institutional investors.

Talos Energy Stock Down 2.0%

Shares of TALO opened at $11.16 on Friday. 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 company has a 50-day simple moving average of $11.15 and a 200-day simple moving average of $9.90. Talos Energy has a 52 week low of $6.23 and a 52 week high of $12.32. The firm has a market capitalization of $1.90 billion, a P/E ratio of -5.55 and a beta of 0.57.

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.