Cibc World Markets Corp Takes Position in Talos Energy Inc. (NYSE:TALO)

Cibc World Markets Corp purchased a new position in shares of Talos Energy Inc. (NYSE:TALO) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,566 shares of the company’s stock, valued at approximately $132,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in Talos Energy in the third quarter valued at $429,000. Dynamic Technology Lab Private Ltd bought a new stake in Talos Energy in the third quarter valued at about $930,000. FMR LLC raised its stake in Talos Energy by 119.2% during the third quarter. FMR LLC now owns 10,395 shares of the company’s stock valued at $108,000 after buying an additional 5,653 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Talos Energy by 260.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,316 shares of the company’s stock worth $521,000 after buying an additional 36,356 shares during the last quarter. Finally, Bridgewater Associates LP acquired a new position in shares of Talos Energy in the 3rd quarter worth approximately $8,805,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Talos Energy from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Stephens decreased 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. Citigroup dropped their price objective on shares of Talos Energy from $14.50 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, Mizuho lowered their target price on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.56.

Talos Energy Stock Performance

Shares of TALO stock opened at $9.61 on Friday. Talos Energy Inc. has a 12-month low of $8.05 and a 12-month high of $14.67. 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 has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.79 and a beta of 1.79. The business has a 50 day simple moving average of $9.32 and a 200 day simple moving average of $10.13.

Talos Energy 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.