Talos Energy (NYSE:TALO) Sets New 1-Year Low After Analyst Downgrade

Talos Energy Inc. (NYSE:TALO) hit a new 52-week low during trading 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 traded. The stock had previously closed at $8.35.

Several other brokerages have also commented on TALO. Stephens decreased their price objective 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. Mizuho decreased 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. JPMorgan Chase & Co. upped their price objective on shares of Talos Energy from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.78.

Institutional Trading of Talos Energy

Institutional investors have recently bought and sold shares of the company. Barclays PLC grew its position in Talos Energy by 21.9% during the 3rd quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock valued at $12,149,000 after purchasing an additional 210,687 shares during the last quarter. PDT Partners LLC purchased a new stake in Talos Energy during the 3rd quarter valued at about $598,000. Verition Fund Management LLC grew its position in Talos Energy by 250.2% during the 3rd quarter. Verition Fund Management LLC now owns 94,395 shares of the company’s stock valued at $977,000 after purchasing an additional 67,438 shares during the last quarter. Weiss Asset Management LP grew its position in Talos Energy by 103.0% during the 3rd quarter. Weiss Asset Management LP now owns 263,489 shares of the company’s stock valued at $2,727,000 after purchasing an additional 133,714 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Talos Energy during the 4th quarter valued at about $592,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Stock Up 0.1 %

The company’s 50-day moving average is $9.72 and its 200 day moving average is $10.42. The company has a market capitalization of $1.53 billion, a PE ratio of 15.71 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97.

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.