Talos Energy (NYSE:TALO) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Talos Energy (NYSE:TALO) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Other equities research analysts have also recently issued reports about the company. Mizuho upped their price target on Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. KeyCorp boosted their price objective on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research note on Friday, December 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Finally, Citigroup raised 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. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.50.

Talos Energy Price Performance

Talos Energy stock opened at $13.11 on Friday. The firm has a market capitalization of $2.23 billion, a P/E ratio of -6.52 and a beta of 0.58. Talos Energy has a one year low of $6.23 and a one year high of $13.40. 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 business has a fifty day moving average price of $11.52 and a 200-day moving average price of $10.32.

Hedge Funds Weigh In On Talos Energy

Institutional investors have recently made changes to their positions in the stock. Virtus Fixed Income Advisers LLC bought a new stake in shares of Talos Energy during the 2nd quarter worth $25,000. Larson Financial Group LLC increased its stake in Talos Energy by 142.9% in the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after acquiring an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after purchasing an additional 2,123 shares in the last quarter. Quarry LP bought a new stake in Talos Energy during the third quarter worth about $36,000. Finally, CWM LLC boosted its holdings in shares of 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 in the last quarter. 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.