KeyCorp Cuts Talos Energy (NYSE:TALO) Price Target to $12.00

Talos Energy (NYSE:TALO) had its price objective cut by KeyCorp from $16.00 to $12.00 in a report issued on Monday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also issued research reports about the stock. Citigroup reduced their price objective on shares of Talos Energy from $14.50 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Stephens decreased their price target 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. Mizuho cut their price objective on Talos Energy from $15.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. reduced their target price on Talos Energy from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Two equities research 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.89.

Talos Energy Price Performance

Shares of TALO opened at $7.16 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $1.29 billion, a PE ratio of 13.26 and a beta of 1.33. The firm’s 50 day moving average price is $8.44 and its 200 day moving average price is $9.68. Talos Energy has a twelve month low of $6.23 and a twelve month high of $14.07.

Institutional Trading of Talos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TALO. GAMMA Investing LLC lifted its holdings in shares of Talos Energy by 360.9% during the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock worth $31,000 after buying an additional 2,501 shares during the last quarter. Sterling Capital Management LLC increased its position in Talos Energy by 787.0% during the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock worth $44,000 after acquiring an additional 4,053 shares during the period. Parallel Advisors LLC raised its stake in Talos Energy by 2,601.0% during the 1st quarter. Parallel Advisors LLC now owns 5,321 shares of the company’s stock valued at $52,000 after purchasing an additional 5,124 shares during the last quarter. KBC Group NV boosted its holdings in Talos Energy by 46.1% in the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after purchasing an additional 2,515 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Talos Energy in the 1st quarter worth $98,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.