Talos Energy

TALO · NYSE

$18.05+$0.00 (+0.00%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $18.05

TALO analyst rating

BuyConsensus of 8 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy4
Hold4
Underperform0
Sell0

12-month price target · 11 analysts

Average $20.53 (+13.7% upside)

Low: $17.17
Now: $18.05
High: $25.20

Upgrades and downgrades

The latest rating actions, newest first

TALO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Oct 15, 2026	Maintains	Buy	$18.00 → $21.00	56%
Keybanc	Sep 15, 2026	Maintains	Overweight	$21.00 → $23.00	49%
Citigroup	Jul 20, 2026	Maintains	Buy	$20.00 → $18.00	56%
Stephens & Co.	Jul 1, 2026	Maintains	Overweight	$20.00	49%
Roth Capital	Jul 1, 2026	Upgrade	Neutral → Buy	$16.00 → $17.00	70%
Mizuho	May 27, 2026	Maintains	Neutral	$17.00 → $18.00	60%
Citigroup	May 26, 2026	Maintains	Buy	$18.00 → $20.00	56%
JP Morgan	May 13, 2026	Maintains	Neutral	$16.00 → $17.00	52%
Roth Capital	Apr 8, 2026	Downgrade	Buy → Neutral	$13.00 → $16.00	53%
Keybanc	Apr 2, 2026	Maintains	Overweight	$15.00 → $21.00	49%

The case for and against

Updated Mar 20, 2025

Bull case

Talos Energy Inc. has demonstrated a strong operational performance, particularly with the successful drilling results at the Katmai West #1 and #2 wells, which nearly doubled the proved estimated ultimate recovery (EUR) of the Katmai West Field to approximately 50 million barrels of oil equivalent (MMBoe). The company has effectively reduced its corporate base decline rate from 25% to 20%, indicating more stable asset performance, while maintaining a production guidance of 92 to 97 thousand barrels of oil per day (kbopd) for the third quarter despite disruptions from hurricanes. Additionally, the introduction of a $150 million share buyback program reflects the management's confidence in the intrinsic value of the company's shares, suggesting a robust commitment to enhancing shareholder value.

Bear case

The analysis indicates a negative outlook for Talos Energy primarily due to commodity price risk associated with potential declines in natural gas demand and prices, which could adversely affect short-term cash flow and long-term forecasts. Additionally, inflationary pressures on oilfield service costs could lead to increased capital and operating expenses, further squeezing free and discretionary cash flow. Lastly, regulatory uncertainties, execution risks linked to environmental factors such as hurricanes, and reserve risks due to potential exploration failures add layers of vulnerability that could undermine the company's financial stability.

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