JPMorgan Chase & Co. Increases Talos Energy (NYSE:TALO) Price Target to $14.00

Talos Energy (NYSE:TALO - Get Free Report) had its target price raised by investment analysts at JPMorgan Chase & Co. from $13.00 to $14.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 67.26% from the stock's previous close.

Several other equities analysts also recently issued reports on the company. Mizuho cut 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 cut their price target on Talos Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Benchmark reissued a "buy" rating and set a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Finally, Citigroup raised their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a research report on Thursday, November 14th. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.06.

Talos Energy Stock Performance

NYSE:TALO opened at $8.37 on Tuesday. The stock has a market capitalization of $1.51 billion, a P/E ratio of 15.50 and a beta of 1.79. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy has a 1 year low of $8.29 and a 1 year high of $14.67. The firm has a 50 day moving average of $9.75 and a 200-day moving average of $10.47.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of TALO. Sourcerock Group LLC lifted its stake in shares of Talos Energy by 3.6% in the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company's stock valued at $92,738,000 after purchasing an additional 331,109 shares during the period. Dimensional Fund Advisors LP increased its holdings in Talos Energy by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company's stock valued at $74,964,000 after purchasing an additional 763,631 shares during the last quarter. American Century Companies Inc. lifted its stake in Talos Energy by 14.9% in the fourth quarter. American Century Companies Inc. now owns 4,427,546 shares of the company's stock valued at $42,991,000 after buying an additional 575,096 shares during the period. Philosophy Capital Management LLC boosted its holdings in Talos Energy by 37.8% during 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Talos Energy by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,100,185 shares of the company's stock worth $20,393,000 after buying an additional 101,280 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.