Talos Energy Inc. (NYSE:TALO) Receives $14.38 Average PT from Analysts

Talos Energy Inc. (NYSE:TALO) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $14.25.

TALO has been the subject of several recent research reports. KeyCorp decreased their price target on Talos Energy from $16.00 to $12.00 and set an “overweight” rating for the company in a report on Monday, April 21st. 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 research note on Tuesday, March 4th. Mizuho cut their price target on shares of Talos Energy from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Tuesday. Stephens dropped their target price on Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. reduced their price target on Talos Energy from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 13th.

Talos Energy Stock Up 3.7%

TALO opened at $8.71 on Friday. Talos Energy has a 52 week low of $6.23 and a 52 week high of $12.71. The business has a 50 day moving average price of $7.99 and a two-hundred day moving average price of $9.38. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.55 billion, a PE ratio of 16.13 and a beta of 0.65.

Hedge Funds Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Talos Energy by 21.9% in the third 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 in the last quarter. SG Americas Securities LLC purchased a new position in Talos Energy during the fourth quarter worth $592,000. Principal Financial Group Inc. lifted its position in shares of Talos Energy by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 603,337 shares of the company’s stock valued at $5,858,000 after acquiring an additional 15,686 shares in the last quarter. Empowered Funds LLC increased its position in Talos Energy by 4.1% during the 4th quarter. Empowered Funds LLC now owns 1,077,677 shares of the company’s stock worth $10,464,000 after purchasing an additional 42,606 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in Talos Energy by 16.1% in the 4th quarter. New York State Teachers Retirement System now owns 45,647 shares of the company’s stock valued at $443,000 after purchasing an additional 6,335 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

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.