Streetbeat News

TALO

Talos Energy Inc.

https://www.talosenergy.com

Industry

Oil & Gas Exploration & Production

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.

Open

11.75

Mkt cap

2.1B

Volume

1.8M

High

11.85

P/E Ratio

169.00

52-wk high

15.17

Low

11.56

Div yield

N/A

52-wk low

9.44

Talos Energy (NYSE:TALO) has received mixed analyst ratings over the past three months, with a recent decline in the average 12-month price target. Analysts have adjusted their ratings and price targets, reflecting changing sentiments. Despite impressive revenue growth, Talos Energy faces challenges with profitability and returns.

Portfolio Pulse from Benzinga Insights

October 16, 2024 | 1:00 pm

Keybanc analyst Tim Rezvan maintains an Overweight rating on Talos Energy but lowers the price target from $21 to $16.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 12:02 pm

Oil prices plunged over 5% as Israel assured the U.S. it would not target Iranian oil facilities, easing Middle East tensions. This led to a drop in energy stocks and a rally in airlines and cruise lines due to lower fuel costs.

Portfolio Pulse from Piero Cingari

October 15, 2024 | 2:50 pm

BMO Capital analyst Phillip Jungwirth has maintained a Market Perform rating on Talos Energy (NYSE:TALO) but has lowered the price target from $14 to $13.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 5:46 pm

Benchmark analyst Subash Chandra has reiterated a Buy rating on Talos Energy (NYSE:TALO) and maintained a $20 price target.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 12:54 pm

Analysts have varied ratings for Talos Energy (NYSE:TALO), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $18.8, a decrease from the previous $21.33. Talos Energy has shown strong revenue growth but struggles with profitability and returns. Analysts' ratings provide insights into the company's market position.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 12:00 pm

Mizuho has initiated coverage on Talos Energy with an Outperform rating and set a price target of $16.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 10:57 am

The article highlights notable insider trades in four companies: PBF Energy, Talos Energy, Cognex, and Lululemon Athletica. Insider purchases often indicate confidence in a company's prospects. PBF Energy and Talos Energy saw significant purchases by Control Empresarial de Capitales S.A. de C.V., while Cognex and Lululemon Athletica had insider buys by their executives.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 12:59 pm

Talos Energy (NYSE:TALO) announced a significant oil and gas discovery in the Gulf of Mexico, but its shares are trading lower. The Ewing Bank 953 well has found commercial quantities of oil and gas, with production expected by mid-2026. Talos is also involved in the Sebastian prospect, with results expected by late 2024. Despite these developments, TALO stock has lost over 37% in the past year.

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 4:50 pm

Talos Energy announced a successful oil and gas discovery at its Ewing Bank 953 well and participation in the Sebastian prospect in the Gulf of Mexico. The EW 953 well has an estimated resource potential of 15-25 MMBoe, with production expected by mid-2026. The Sebastian prospect, currently drilling, targets a potential of 9-16 MMBoe, with results expected by late 2024.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 10:59 am

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