Talos Energy (NYSE:TALO) Reaches New 52-Week High – What’s Next?

Talos Energy Inc. (NYSE:TALO) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.44 and last traded at $12.64, with a volume of 2270566 shares. The stock had previously closed at $13.12.

Analyst Ratings Changes

A number of brokerages have recently commented on TALO. KeyCorp boosted their target price on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a 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 raised their target price on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Citigroup lifted their target price 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. Finally, Wall Street Zen upgraded Talos Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.50.

Talos Energy Price Performance

The firm’s fifty day simple moving average is $11.57 and its 200-day simple moving average is $10.40. 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 firm has a market capitalization of $2.15 billion, a PE ratio of -6.29 and a beta of 0.58.

Institutional Trading of Talos Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Sourcerock Group LLC lifted its holdings in shares of Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. Vanguard Group Inc. raised its position 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 buying an additional 164,999 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Talos Energy by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,967,001 shares of the company’s stock valued at $98,819,000 after acquiring an additional 345,765 shares during the period. American Century Companies Inc. boosted its holdings in shares of Talos Energy by 8.6% during the 3rd quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after acquiring an additional 455,409 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Talos Energy by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock worth $33,682,000 after acquiring an additional 141,518 shares during the period. 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.