Citigroup Has Lowered Expectations for Talos Energy (NYSE:TALO) Stock Price

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

TALO has been the subject of a number of other research reports. Benchmark reiterated a "buy" rating and set a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. Mizuho reduced their price objective on Talos Energy from $16.00 to $14.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Stephens reduced their price objective 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. upped their price target on 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 issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.78.

Talos Energy Stock Performance

Talos Energy stock traded up $0.01 during mid-day trading on Tuesday, reaching $8.49. 2,104,416 shares of the stock traded hands, compared to its average volume of 1,848,753. The stock has a market capitalization of $1.53 billion, a PE ratio of 15.71 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. Talos Energy has a 12-month low of $8.05 and a 12-month high of $14.67. The business's 50-day moving average is $9.72 and its 200-day moving average is $10.42.

Institutional Investors Weigh In On Talos Energy

Institutional investors have recently modified their holdings of the stock. Barclays PLC lifted its stake in shares of Talos Energy by 21.9% in the 3rd quarter. Barclays PLC now owns 1,173,765 shares of the company's stock valued at $12,149,000 after purchasing an additional 210,687 shares during the last quarter. PDT Partners LLC bought a new stake in shares of Talos Energy in the 3rd quarter valued at approximately $598,000. Verition Fund Management LLC lifted its stake in shares of Talos Energy by 250.2% in the 3rd quarter. Verition Fund Management LLC now owns 94,395 shares of the company's stock valued at $977,000 after purchasing an additional 67,438 shares during the last quarter. Weiss Asset Management LP lifted its stake in shares of Talos Energy by 103.0% in the 3rd quarter. Weiss Asset Management LP now owns 263,489 shares of the company's stock valued at $2,727,000 after purchasing an additional 133,714 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Talos Energy in the 4th quarter valued at approximately $592,000. 89.35% of the stock is owned by 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.