Talos Energy (NYSE:TALO) Hits New 12-Month Low - What's Next?

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $8.48 and last traded at $8.70, with a volume of 1850656 shares. The stock had previously closed at $8.61.

Wall Street Analyst Weigh In

TALO has been the topic of a number of recent analyst reports. Stephens dropped 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. JPMorgan Chase & Co. initiated coverage on shares of Talos Energy in a research note on Thursday, December 5th. They set a "neutral" rating and a $12.00 price target on the stock. Benchmark reiterated a "buy" rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Tuesday, November 12th. Citigroup upped their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, Mizuho dropped their target price on shares of Talos Energy from $16.00 to $14.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $15.83.

Talos Energy Price Performance

The company's 50 day simple moving average is $9.75 and its 200-day simple moving average is $10.47. 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 company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.50 and a beta of 1.89.

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Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Talos Energy by 1.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,413 shares of the company's stock valued at $800,000 after purchasing an additional 1,403 shares during the period. Aquatic Capital Management LLC grew its holdings in Talos Energy by 2.9% in the 4th quarter. Aquatic Capital Management LLC now owns 60,696 shares of the company's stock valued at $589,000 after buying an additional 1,696 shares during the period. US Bancorp DE increased its stake in shares of Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company's stock valued at $36,000 after acquiring an additional 1,827 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Talos Energy by 2.5% during the 4th quarter. MetLife Investment Management LLC now owns 87,672 shares of the company's stock worth $851,000 after acquiring an additional 2,167 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Talos Energy by 2.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 111,892 shares of the company's stock worth $1,086,000 after acquiring an additional 2,192 shares during 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.