Citigroup Issues Pessimistic Forecast for Talos Energy (NYSE:TALO) Stock Price

Talos Energy (NYSE:TALO) had its price target cut by stock analysts at Citigroup from $14.50 to $12.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 41.43% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. Mizuho cut their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. 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 research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. raised 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.78.

Talos Energy Price Performance

TALO opened at $8.49 on Tuesday. 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 stock has a market capitalization of $1.53 billion, a PE ratio of 15.71 and a beta of 1.79. The stock’s 50 day moving average price is $9.72 and its 200-day moving average price is $10.42. Talos Energy has a 52-week low of $8.05 and a 52-week high of $14.67.

Hedge Funds Weigh In On Talos Energy

Large investors have recently made changes to their positions in the business. GF Fund Management CO. LTD. bought a new position in Talos Energy during the 4th quarter valued at approximately $367,000. GTS Securities LLC bought a new position in shares of Talos Energy during the fourth quarter valued at $402,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Talos Energy by 3.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,879,291 shares of the company’s stock worth $18,248,000 after purchasing an additional 61,572 shares during the last quarter. Sourcerock Group LLC boosted its stake in Talos Energy by 3.6% in the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company’s stock worth $92,738,000 after purchasing an additional 331,109 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in Talos Energy by 279.9% in the 4th quarter. Squarepoint Ops LLC now owns 387,405 shares of the company’s stock worth $3,762,000 after purchasing an additional 285,424 shares in 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.