Analysts Set Talos Energy Inc. (NYSE:TALO) Price Target at $14.25

Talos Energy Inc. (NYSE:TALO) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.25.

A number of analysts have issued reports on the company. KeyCorp raised their target price on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a report on Monday. Wall Street Zen upgraded Talos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Mizuho increased their target price on shares of Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th.

Talos Energy Stock Down 0.7%

TALO opened at $11.09 on Monday. Talos Energy has a twelve month low of $6.23 and a twelve month high of $12.19. The company’s 50-day moving average price is $10.61 and its two-hundred day moving average price is $9.60. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -5.52 and a beta of 0.55. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.51.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Friday, January 6th. The company reported $0.45 earnings per share (EPS) for the quarter. Talos Energy had a negative net margin of 19.02% and a negative return on equity of 2.76%. The company had revenue of $382.96 million during the quarter. As a group, equities analysts expect that Talos Energy will post -0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Virtus Fixed Income Advisers LLC bought a new stake in Talos Energy during the 2nd quarter valued at $25,000. Larson Financial Group LLC raised its stake in shares of Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after purchasing an additional 1,942 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after purchasing an additional 2,123 shares in the last quarter. Quarry LP purchased a new stake in Talos Energy during the 3rd quarter worth about $36,000. Finally, CWM LLC boosted its stake in Talos Energy by 186.3% in the 2nd quarter. CWM LLC now owns 6,027 shares of the company’s stock worth $51,000 after purchasing an additional 3,922 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.