Talos Energy (NYSE:TALO) Price Target Lowered to $12.00 at Citigroup

Talos Energy (NYSE:TALO) had its price target decreased by Citigroup from $14.50 to $12.00 in a research report released on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research firms also recently commented on TALO. Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Mizuho reduced their price objective on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Stephens cut their price target on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Talos Energy from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.78.

Talos Energy Price Performance

NYSE:TALO opened at $8.50 on Tuesday. The company has a 50-day moving average of $9.73 and a 200-day moving average of $10.44. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 15.73 and a beta of 1.79. Talos Energy has a 52 week low of $8.05 and a 52 week high of $14.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97.

Institutional Investors Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sourcerock Group LLC increased its position in Talos Energy by 3.6% in the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company’s stock valued at $92,738,000 after acquiring an additional 331,109 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Talos Energy by 11.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company’s stock valued at $74,964,000 after acquiring an additional 763,631 shares in the last quarter. American Century Companies Inc. increased its position in Talos Energy by 14.9% in the 4th quarter. American Century Companies Inc. now owns 4,427,546 shares of the company’s stock valued at $42,991,000 after acquiring an additional 575,096 shares in the last quarter. Philosophy Capital Management LLC increased its position in Talos Energy by 37.8% in the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock valued at $31,728,000 after acquiring an additional 841,414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Talos Energy by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,100,185 shares of the company’s stock valued at $20,393,000 after acquiring an additional 101,280 shares in the last quarter. Institutional investors and hedge funds 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.