Talos Energy (NYSE:TALO) Price Target Lowered to $12.00 at Citigroup

Talos Energy (NYSE:TALO) had its price target cut by analysts at Citigroup from $14.50 to $12.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 42.77% from the stock’s previous close.

A number of other research firms have also recently commented on TALO. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th. Mizuho decreased their target price on 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 dropped their target price on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Talos Energy from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.78.

Talos Energy Trading Up 0.7 %

Shares of TALO traded up $0.06 during trading on Tuesday, reaching $8.41. 817,145 shares of the company traded hands, compared to its average volume of 1,788,482. The stock has a 50-day simple moving average of $9.73 and a 200-day simple moving average of $10.44. The stock has a market cap of $1.51 billion, a PE ratio of 15.56 and a beta of 1.79. Talos Energy has a twelve month low of $8.05 and a twelve month high of $14.67. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Virtus Investment Advisers Inc. purchased a new stake in shares of Talos Energy in the 3rd quarter worth about $31,000. US Bancorp DE lifted its holdings 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 valued at $36,000 after purchasing an additional 1,827 shares in the last quarter. Sterling Capital Management LLC grew 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 valued at $44,000 after purchasing an additional 4,053 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Talos Energy during the 3rd quarter worth approximately $75,000. Finally, KBC Group NV raised its position in shares of Talos Energy by 46.1% during the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock worth $77,000 after purchasing an additional 2,515 shares during the last quarter. 89.35% of the stock is 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.