Talos Energy (NYSE:TALO) Hits New 1-Year High – Here’s Why

Talos Energy Inc. (NYSE:TALO) reached a new 52-week high on Thursday . The stock traded as high as $12.37 and last traded at $11.9930, with a volume of 680283 shares trading hands. The stock had previously closed at $11.79.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TALO shares. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Citigroup raised their price objective on shares of Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. KeyCorp upped 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. Wall Street Zen downgraded shares of Talos Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 12th. Finally, Mizuho lifted their price target 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. Four equities 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.com, Talos Energy currently has an average rating of “Hold” and a consensus price target of $14.58.

Talos Energy Trading Down 1.5%

The stock’s 50-day simple moving average is $11.31 and its two-hundred day simple moving average is $10.04. 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 firm has a market capitalization of $2.02 billion, a P/E ratio of -5.92 and a beta of 0.57.

Hedge Funds Weigh In On Talos Energy

Hedge funds have recently made changes to their positions in the business. Virtus Fixed Income Advisers LLC purchased a new position in Talos Energy in the 2nd quarter worth approximately $25,000. Larson Financial Group LLC lifted its holdings in shares of Talos Energy by 142.9% in the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after buying an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 2,123 shares during the last quarter. Quarry LP purchased a new position in Talos Energy during the third quarter valued at $36,000. Finally, CWM LLC grew its stake in Talos Energy by 186.3% during the second quarter. CWM LLC now owns 6,027 shares of the company’s stock valued at $51,000 after acquiring 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.