Talos Energy (NYSE:TALO) Reaches New 12-Month Low on Analyst Downgrade

Talos Energy Inc. (NYSE:TALO)’s stock price hit a new 52-week low on Wednesday after Citigroup lowered their price target on the stock from $14.50 to $12.00. Citigroup currently has a buy rating on the stock. Talos Energy traded as low as $8.05 and last traded at $8.50, with a volume of 2948282 shares trading hands. The stock had previously closed at $8.35.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Talos Energy from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday. Benchmark restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a report on Tuesday, November 12th. Stephens dropped their target price on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Mizuho dropped their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Talos Energy has an average rating of “Moderate Buy” and a consensus price target of $15.78.

Hedge Funds Weigh In On Talos Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtus Investment Advisers Inc. bought a new position in shares of Talos Energy in the third quarter valued at $31,000. US Bancorp DE grew its stake in shares of Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after buying an additional 1,827 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Talos Energy by 787.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock valued at $44,000 after buying an additional 4,053 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Talos Energy in the third quarter valued at $75,000. Finally, KBC Group NV grew its stake in shares of Talos Energy by 46.1% in the fourth quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after buying an additional 2,515 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

Talos Energy Stock Up 1.7 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s 50 day moving average is $9.73 and its two-hundred day moving average is $10.44. The firm has a market capitalization of $1.53 billion, a P/E ratio of 15.73 and a beta of 1.79.

Talos Energy Company Profile

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.