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

Talos Energy (NYSE:TALO - Get Free Report) had its target price decreased by investment analysts at KeyCorp from $16.00 to $12.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price objective points to a potential upside of 64.84% from the company's previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Talos Energy from $14.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Stephens lowered their price target 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 cut their price objective on Talos Energy from $15.00 to $12.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Finally, Citigroup reduced their price objective on Talos Energy from $14.50 to $12.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Talos Energy has a consensus rating of "Moderate Buy" and an average price target of $14.38.

Talos Energy Price Performance

Shares of TALO traded up $0.05 during trading hours on Monday, reaching $7.28. 786,773 shares of the company's stock traded hands, compared to its average volume of 2,036,030. Talos Energy has a 12 month low of $6.23 and a 12 month high of $14.07. 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 stock has a market cap of $1.30 billion, a PE ratio of 13.48 and a beta of 1.33. The firm's 50 day simple moving average is $8.28 and its 200-day simple moving average is $9.60.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings 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 acquiring an additional 1,497,472 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Talos Energy by 11.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company's stock worth $74,964,000 after purchasing an additional 763,631 shares during the period. Janus Henderson Group PLC grew its stake in shares of Talos Energy by 1,229.2% in the fourth quarter. Janus Henderson Group PLC now owns 792,528 shares of the company's stock worth $7,699,000 after purchasing an additional 732,904 shares during the last quarter. American Century Companies Inc. increased its holdings in Talos Energy by 14.9% during the 4th quarter. American Century Companies Inc. now owns 4,427,546 shares of the company's stock valued at $42,991,000 after purchasing an additional 575,096 shares during the period. Finally, Trexquant Investment LP bought a new position in Talos Energy during the 4th quarter valued at approximately $3,863,000. 89.35% of the stock is owned by hedge funds and other 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.