Talos Energy (NYSE:TALO) Hits New 52-Week Low – What’s Next?

Talos Energy Inc. (NYSE:TALO) shares reached a new 52-week low on Thursday . The company traded as low as $8.48 and last traded at $8.70, with a volume of 1850656 shares. The stock had previously closed at $8.61.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TALO. Stephens lowered their price target on 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 price target on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Mizuho reduced their price objective on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. started coverage on shares of Talos Energy in a research report on Thursday, December 5th. They set a “neutral” rating and a $12.00 target price on the stock. Finally, Benchmark restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.83.

Talos Energy Price Performance

The company has a market cap of $1.62 billion, a P/E ratio of 16.67 and a beta of 1.89. The stock has a 50-day simple moving average of $9.75 and a 200 day simple moving average of $10.51. 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

Several hedge funds and other institutional investors have recently modified their holdings of TALO. GF Fund Management CO. LTD. bought a new position in Talos Energy during the 4th quarter valued at about $367,000. GTS Securities LLC bought a new position in shares of Talos Energy in the fourth quarter valued at approximately $402,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 acquiring an additional 61,572 shares in the last quarter. Sourcerock Group LLC increased its holdings in Talos Energy by 3.6% during the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company’s stock valued at $92,738,000 after purchasing an additional 331,109 shares in the last quarter. Finally, Squarepoint Ops LLC increased its holdings in Talos Energy by 279.9% during the 4th quarter. Squarepoint Ops LLC now owns 387,405 shares of the company’s stock valued at $3,762,000 after purchasing an additional 285,424 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

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.