JPMorgan Chase & Co. Lowers Talos Energy (NYSE:TALO) Price Target to $12.00

Talos Energy (NYSE:TALO) had its price objective cut by JPMorgan Chase & Co. from $14.00 to $12.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 39.94% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Citigroup lowered their price objective on Talos Energy from $14.50 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Mizuho lowered their price objective on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Stephens lowered their price objective on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.56.

Talos Energy Stock Up 4.4 %

Shares of NYSE:TALO opened at $8.58 on Thursday. The stock has a fifty day simple moving average of $9.57 and a two-hundred day simple moving average of $10.29. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 15.88 and a beta of 1.79. Talos Energy has a 12-month low of $8.05 and a 12-month high of $14.67. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TALO. GF Fund Management CO. LTD. bought a new stake in shares of Talos Energy in the fourth quarter worth $367,000. GTS Securities LLC bought a new stake in shares of Talos Energy in the fourth quarter worth $402,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Talos Energy by 3.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,879,291 shares of the company’s stock worth $18,248,000 after acquiring an additional 61,572 shares during the period. Sourcerock Group LLC grew its holdings in shares of Talos Energy by 3.6% in the fourth quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company’s stock worth $92,738,000 after acquiring an additional 331,109 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in shares of Talos Energy by 279.9% in the fourth quarter. Squarepoint Ops LLC now owns 387,405 shares of the company’s stock worth $3,762,000 after acquiring an additional 285,424 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.