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

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TALO shares. Citigroup lifted their price target on shares of Talos Energy from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, January 23rd. KeyCorp upped their price objective on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a report on Friday, December 5th. Wall Street Zen lowered shares of Talos Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 12th. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Finally, Mizuho upped their target price on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $14.58.

Talos Energy Stock Performance

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 $11.26 and a 200 day moving average price of $10.01. The stock has a market cap of $2.06 billion, a P/E ratio of -6.04 and a beta of 0.57.

Institutional Trading of Talos Energy

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

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.