Talos Energy (NYSE:TALO) Hits New 1-Year Low – Time to Sell?

Talos Energy Inc. (NYSE:TALO)’s stock price reached a new 52-week low on Friday . The stock traded as low as $8.88 and last traded at $8.89, with a volume of 719150 shares changing hands. The stock had previously closed at $9.37.

Analyst Upgrades and Downgrades

TALO has been the subject of several research reports. Citigroup upped their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. initiated coverage on shares of Talos Energy in a research note on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target for the company. Stephens cut their price objective 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. Mizuho reduced their target price on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Finally, Benchmark restated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.83.

Talos Energy Price Performance

The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.62 billion, a PE ratio of 16.69 and a beta of 1.89. The firm has a 50 day moving average of $9.83 and a two-hundred day moving average of $10.58.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its stake in Talos Energy by 318.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company’s stock worth $19,106,000 after purchasing an additional 1,497,472 shares in the last quarter. Bridgewater Associates LP purchased a new position in Talos Energy in the third quarter worth about $8,805,000. Philosophy Capital Management LLC lifted its stake in shares of Talos Energy by 37.8% in the third quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock worth $31,728,000 after buying an additional 841,414 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Talos Energy by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company’s stock worth $74,964,000 after acquiring an additional 763,631 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Talos Energy by 1,229.2% in the fourth quarter. Janus Henderson Group PLC now owns 792,528 shares of the company’s stock valued at $7,699,000 after acquiring an additional 732,904 shares during the period. 89.35% of the stock is 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.