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

Talos Energy (NYSE:TALO) had its target price cut by Citigroup from $14.50 to $12.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Talos Energy from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday. Mizuho dropped their price objective 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 reduced their target price 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. Finally, Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Talos Energy in a 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.78.

Talos Energy Price Performance

NYSE:TALO opened at $8.35 on Tuesday. Talos Energy has a 52-week low of $8.05 and a 52-week high of $14.67. The company 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. The stock’s 50-day simple moving average is $9.70 and its 200 day simple moving average is $10.41.

Institutional Investors Weigh In On Talos Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtus Investment Advisers Inc. bought a new stake in shares of Talos Energy during the 3rd quarter worth approximately $31,000. US Bancorp DE boosted its holdings in shares of Talos Energy by 113.3% in the 3rd 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 boosted its holdings in shares of Talos Energy by 787.0% in the 4th 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Talos Energy in the 3rd quarter valued at $75,000. Finally, KBC Group NV raised its holdings 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 buying an additional 2,515 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.