Talos Energy (NYSE:TALO) Hits New 12-Month Low on Analyst Downgrade

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday after Citigroup lowered their price target on the stock from $14.50 to $12.00. Citigroup currently has a buy rating on the stock. Talos Energy traded as low as $8.05 and last traded at $8.50, with a volume of 2948282 shares changing hands. The stock had previously closed at $8.35.

A number of other research analysts have also issued reports on the company. Benchmark restated a "buy" rating and set a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. Stephens reduced their price target 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. Mizuho reduced their price target 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. Finally, JPMorgan Chase & Co. boosted 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.78.

Institutional Investors Weigh In On Talos Energy

Several hedge funds have recently modified their holdings of the stock. Sourcerock Group LLC lifted its holdings in shares of Talos Energy by 3.6% during the fourth 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 last quarter. Dimensional Fund Advisors LP lifted 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 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 4th quarter. American Century Companies Inc. now owns 4,427,546 shares of the company's stock worth $42,991,000 after acquiring an additional 575,096 shares in the last quarter. Philosophy Capital Management LLC lifted its stake in Talos Energy by 37.8% in the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company's stock worth $31,728,000 after acquiring an additional 841,414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Talos Energy by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,100,185 shares of the company's stock worth $20,393,000 after acquiring an additional 101,280 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

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Talos Energy Stock Performance

The firm has a 50 day moving average of $9.69 and a 200-day moving average of $10.39. The stock has a market capitalization of $1.59 billion, a PE ratio of 16.34 and a beta of 1.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97.

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.