Talos Energy (NYSE: TALO) has been downgraded from a “hold” rating to a “sell” rating by analysts at Wall Street Zen, according to a report released on December 29, 2023. This change reflects a broader reevaluation of the company’s stock performance among several financial analysts.
Multiple firms have recently issued reports regarding Talos Energy. Mizuho raised its price target on Talos shares from $11.00 to $14.00, assigning a “neutral” rating in a report dated December 12, 2023. Weiss Ratings reiterated a “sell (d)” rating, emphasizing caution for potential investors. Additionally, KeyCorp increased its price target from $12.00 to $13.50, designating the stock with an “overweight” rating on December 5, 2023.
The general consensus among analysts indicates a mixed outlook for Talos Energy. Currently, four analysts recommend a “buy” rating, two suggest holding the stock, and one recommends selling. According to MarketBeat.com, the average target price for Talos Energy is set at $14.25, with a consensus rating of “hold.”
Institutional Investments Reflect Market Sentiment
Recent shifts in institutional investment also highlight evolving market sentiment regarding Talos Energy. Several hedge funds have adjusted their stakes in the company. Notably, Virtus Fixed Income Advisers LLC acquired a new stake worth approximately $25,000 during the second quarter of 2023. Larson Financial Group LLC significantly increased its holdings by 142.9% in the third quarter, bringing its total to 3,301 shares valued at around $32,000.
Smartleaf Asset Management LLC also expanded its position by 134.4% in the second quarter, acquiring 3,703 shares for a total worth of $32,000. Quarry LP purchased a new stake valued at approximately $36,000 during the third quarter. Meanwhile, CWM LLC boosted its investment by 186.3% in the second quarter, now owning 6,027 shares worth around $51,000.
Overall, institutional investors and hedge funds currently own 89.35% of Talos Energy’s stock, indicating significant confidence in the company’s future prospects despite the recent downgrade.
About Talos Energy
Talos Energy Inc., headquartered in Houston, Texas, is an independent oil and gas exploration and production company founded in 2012 by industry veterans Tim Duncan and Jeremy Rights. The company went public in 2021 and is listed on the New York Stock Exchange under the ticker symbol TALO.
Talos Energy focuses on the acquisition, exploration, development, and production of offshore hydrocarbon reserves, primarily in the U.S. Gulf of Mexico basin. Its asset portfolio includes both deepwater and shelf opportunities, with interests in multiple producing fields and exploration blocks.
As the market continues to react to analyst ratings and institutional investment trends, the future trajectory of Talos Energy remains a point of interest for investors and analysts alike.
