Talos Energy - TALO Stock Forecast, Price & News

Talos Energy Inc., an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2021, the company had proved reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas, and 14,435 thousand barrels of crude oil. The company was founded in 2011 and is based in Houston, Texas.

Talos Energy Trading Up 3.3 %

Shares of TALO Stock traded up $0.60 during trading hours on Tuesday, reaching $18.68. 7,631 shares of the stock were exchanged, compared to its average volume of 1,354,560. The company has a current ratio of 0.68, a quick ratio of 0.57 and a debt-to-equity ratio of 0.88. The company's 50-day moving average price is $17.87 and its 200-day moving average price is $16.82. Talos Energy has a 12-month low of $8.57 and a 12-month high of $25.49. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 7.86 and a beta of 2.33.

Analysts Set New Price Targets

TALO has been the subject of several research reports. KeyCorp increased their price objective on Talos Energy from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Thursday, May 26th. Stephens initiated coverage on Talos Energy in a research report on Wednesday, April 13th. They set an "overweight" rating and a $28.00 price target on the stock. MKM Partners restated a "buy" rating and issued a $23.00 price objective on shares of Talos Energy in a report on Wednesday, July 20th. TheStreet upgraded Talos Energy from a "c-" rating to a "b-" rating in a report on Thursday, August 4th. Finally, Roth Capital raised their price target on shares of Talos Energy from $18.00 to $23.00 in a report on Friday, April 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $20.94.

Insiders Place Their Bets

In other Talos Energy news, Director Riverstone Energy Partners V, sold 124,352 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $19.33, for a total transaction of $2,403,724.16. Following the completion of the transaction, the director now directly owns 14,587,383 shares of the company's stock, valued at approximately $281,974,113.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Riverstone Energy Partners V, sold 124,352 shares of the business's stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $19.33, for a total value of $2,403,724.16. Following the completion of the sale, the director now owns 14,587,383 shares of the company's stock, valued at approximately $281,974,113.39. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Riverstone Holdings Llc sold 96,200 shares of the stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $20.28, for a total value of $1,950,936.00. Following the transaction, the director now directly owns 14,340,996 shares of the company's stock, valued at approximately $290,835,398.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,160,537 shares of company stock valued at $24,893,033. 0.79% of the stock is currently owned by corporate insiders.