Talos Energy (NYSE:TALO) Hits New 1-Year High – Time to Buy?

Talos Energy Inc. (NYSE:TALO) reached a new 52-week high on Wednesday . The stock traded as high as $12.21 and last traded at $12.1910, with a volume of 150172 shares changing hands. The stock had previously closed at $11.46.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TALO shares. KeyCorp increased their target price on shares of Talos Energy from $12.00 to $13.50 and gave the company 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 research note on Monday, December 29th. Mizuho boosted their target price on Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a research report on Monday. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.25.

Talos Energy Stock Up 6.0%

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 company has a market capitalization of $2.06 billion, a price-to-earnings ratio of -6.03 and a beta of 0.57. The firm’s 50-day simple moving average is $11.01 and its two-hundred day simple moving average is $9.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Virtus Fixed Income Advisers LLC acquired a new stake in shares of Talos Energy in the second quarter valued at approximately $25,000. Larson Financial Group LLC lifted 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 worth $32,000 after purchasing an additional 1,942 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Talos Energy by 134.4% during the second 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 during the last quarter. Quarry LP acquired a new stake in Talos Energy in the 3rd quarter worth about $36,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after acquiring an additional 1,049 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.