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

Talos Energy (NYSE:TALO) had its price target decreased by equities research analysts at Citigroup from $14.50 to $12.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 42.77% from the company’s current price.

A number of other equities analysts also recently commented on TALO. JPMorgan Chase & Co. upped their target price on shares of Talos Energy from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday. Stephens reduced their price objective on Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Mizuho dropped their price objective on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research note 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.78.

Talos Energy Trading Up 0.7 %

NYSE:TALO traded up $0.06 during mid-day trading on Tuesday, hitting $8.41. 817,145 shares of the stock traded hands, compared to its average volume of 1,788,482. The firm’s 50 day moving average is $9.73 and its two-hundred day moving average is $10.44. Talos Energy has a 52 week low of $8.05 and a 52 week 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. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.56 and a beta of 1.79.

Institutional Investors Weigh In On Talos Energy

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE raised 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 valued at $36,000 after buying an additional 1,827 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Talos Energy by 2.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 167,249 shares of the company’s stock valued at $1,731,000 after purchasing an additional 3,961 shares in the last quarter. Entropy Technologies LP increased its holdings in shares of Talos Energy by 101.4% in the third quarter. Entropy Technologies LP now owns 42,149 shares of the company’s stock valued at $436,000 after purchasing an additional 21,225 shares during the last quarter. Empowered Funds LLC lifted its position in Talos Energy by 22.4% during the third quarter. Empowered Funds LLC now owns 1,035,071 shares of the company’s stock worth $10,713,000 after buying an additional 189,228 shares in the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of Talos Energy in the 3rd quarter worth $188,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.