Talos Energy (NYSE:TALO) Reaches New 52-Week High – Here’s Why

Shares of Talos Energy Inc. (NYSE:TALO) hit a new 52-week high on Thursday . The stock traded as high as $13.40 and last traded at $13.3830, with a volume of 1776325 shares traded. The stock had previously closed at $12.79.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TALO. Citigroup raised their price target on Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Wall Street Zen lowered shares of Talos Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 12th. Mizuho lifted their target price on shares of Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. KeyCorp boosted their target price on shares of Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $13.50.

Talos Energy Trading Up 4.6%

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’s fifty day moving average is $11.48 and its two-hundred day moving average is $10.27. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -6.66 and a beta of 0.58.

Institutional Trading of Talos Energy

A number of hedge funds have recently modified their holdings of the stock. Sourcerock Group LLC grew its stake in shares of Talos Energy by 11.0% during the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares during the period. Vanguard Group Inc. lifted its stake in Talos Energy by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock worth $91,358,000 after purchasing an additional 164,999 shares in the last quarter. American Century Companies Inc. lifted its position in Talos Energy by 8.6% during the third quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock worth $55,295,000 after buying an additional 455,409 shares in the last quarter. Geode Capital Management LLC lifted its position in Talos Energy by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock worth $33,682,000 after buying an additional 141,518 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Talos Energy by 25.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after buying an additional 592,509 shares during the last quarter. Hedge funds and other institutional investors 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.