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

Talos Energy Inc. (NYSE:TALO) shares reached a new 52-week low during mid-day 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 changing hands. The stock had previously closed at $8.35.

Several other research firms also recently commented on TALO. Mizuho lowered 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 report on Monday, December 16th. JPMorgan Chase & Co. increased their target price on shares of Talos Energy from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday. Stephens lowered their target price on shares of 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, Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Talos Energy has an average rating of “Moderate Buy” and a consensus target price of $15.78.

Institutional Investors Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Talos Energy by 1.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,413 shares of the company’s stock valued at $800,000 after purchasing an additional 1,403 shares during the last quarter. Aquatic Capital Management LLC grew its position in Talos Energy by 2.9% during the fourth quarter. Aquatic Capital Management LLC now owns 60,696 shares of the company’s stock worth $589,000 after buying an additional 1,696 shares in the last quarter. US Bancorp DE grew its position in Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after buying an additional 1,827 shares in the last quarter. MetLife Investment Management LLC grew its position in Talos Energy by 2.5% during the fourth quarter. MetLife Investment Management LLC now owns 87,672 shares of the company’s stock worth $851,000 after buying an additional 2,167 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Talos Energy by 2.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 111,892 shares of the company’s stock worth $1,086,000 after buying an additional 2,192 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Trading Down 1.5 %

The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 15.45 and a beta of 1.79. The business has a 50-day moving average of $9.70 and a two-hundred day moving average of $10.41. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

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.