On May 26, 2023, Stephens & Co. reaffirmed its coverage of Talos Energy (NYSE:TALO) as Overweight. According to Fintel, the average one-year price target for Talos Energy is 21.59, with a low of 16.16 and a high of $25.20. This represents a predicted increase of 68.67% from its latest reported closing price of 12.80.
Fintel shows that there are 537 funds or institutions reporting positions in Talos Energy, an increase of 32 funds or 6.34% in the last quarter. The average portfolio weight dedicated to TALO is 0.29%, an increase of 54.63%. Total shares owned by institutions have also increased in the last three months by 30.59% to 122,067K shares. The put/call ratio of TALO is 0.50, indicating a bullish outlook.
Some of the top shareholders of Talos Energy are Bain Capital Credit, which holds 15,509K shares representing 12.35% ownership, Riverstone Holdings with 12,292K shares representing 9.79% ownership, Adage Capital Partners Gp, L.l.c. with 6,412K shares representing 5.11% ownership, and Sourcerock Group with 4,667K shares representing 3.72% ownership of the company.
Talos Energy is an independent exploration and production company that maximizes cash flows and long-term value through safe and efficient operations. It focuses on assets in the United States Gulf of Mexico and offshore Mexico, specifically in oil-rich emerging basins, utilizing its decades of expertise in geology, geophysics, and offshore operations towards acquisition, exploration, exploitation, and development.
For more information on Talos Energy and its key filings, visit Fintel.
The author’s views and opinions expressed in this article do not necessarily reflect those of Nasdaq, Inc.