Citi Reiterates Buy Rating on Talos Energy (TALO)

Citi analyst Paul Diamond reiterated a Buy rating and $14.50 price target on Talos Energy (NYSE: TALO)

The analyst comments "Yesterday, TALO announced the appointment of Paul Goodfellow as their new CEO effective 3/1/2025. Mr. Goodfellow has over 30 years of industry experience including running a diversified and global deepwater business. We expect his arrival to portend a delineated strategic direction we expect to be inclusive of inorganic and international expansion. We continue to expect the call to focus on their strategic directionality, but given the timing of this appointment, we don’t anticipate any material disclosures on the call. We retain our Buy Rating and $14.50/share target price given their debt reduction efforts driven by solid FCF generation and a stable operational cadence with the potential for meaningful upside balanced against a volatile pricing environment."

For an analyst ratings summary and ratings history on Talos Energy click here. For more ratings news on Talos Energy click here.

Shares of Talos Energy closed at $9.34 yesterday.

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