Talos Energy (NYSE:TALO) Given New $14.00 Price Target at JPMorgan Chase & Co.

Talos Energy (NYSE:TALO) had its target price lifted by JPMorgan Chase & Co. from $13.00 to $14.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also issued reports on TALO. Mizuho lowered their price target 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. Stephens reduced their price objective 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. Citigroup increased their target price on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 price target 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 issued a buy rating to the company. Based on data from MarketBeat, Talos Energy presently has a consensus rating of “Moderate Buy” and an average target price of $15.78.

Talos Energy Trading Down 1.5 %

Shares of TALO opened at $8.35 on Tuesday. Talos Energy has a fifty-two week low of $8.05 and a fifty-two week high of $14.67. The business has a 50-day moving average of $9.70 and a 200 day moving average of $10.41. The firm has a market cap of $1.50 billion, a P/E ratio of 15.45 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.

Hedge Funds Weigh In On Talos Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtus Investment Advisers Inc. purchased a new stake in shares of Talos Energy in the 3rd quarter valued at about $31,000. US Bancorp DE increased its position in shares of Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after purchasing an additional 1,827 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Talos Energy by 787.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock worth $44,000 after purchasing an additional 4,053 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Talos Energy in the third quarter valued at approximately $75,000. Finally, KBC Group NV lifted its position in Talos Energy by 46.1% during the fourth 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 last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.