Talos Energy (NYSE:TALO) Reaches New 12-Month Low – What’s Next?

Talos Energy Inc. (NYSE:TALO)’s share price reached a new 52-week low on Friday . The company traded as low as $7.75 and last traded at $7.78, with a volume of 23062 shares. The stock had previously closed at $8.20.

Wall Street Analyst Weigh In

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

Talos Energy Stock Performance

The firm has a 50-day moving average of $9.12 and a 200-day moving average of $10.03. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.84 and a beta of 1.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Virtus Investment Advisers Inc. purchased a new position in shares of Talos Energy during the third quarter worth $31,000. Sterling Capital Management LLC raised its stake in shares of Talos Energy by 787.0% during the 4th 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Talos Energy in the 3rd quarter valued at about $75,000. KBC Group NV boosted 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 worth $77,000 after buying an additional 2,515 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Talos Energy by 182.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock worth $106,000 after buying an additional 7,026 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.