Talos Energy (NYSE:TALO) Price Target Cut to $12.00 by Analysts at KeyCorp

Talos Energy (NYSE:TALO) had its price objective cut by KeyCorp from $16.00 to $12.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also issued reports about the stock. Citigroup reduced their price target on shares of Talos Energy from $14.50 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Mizuho lowered their price target on Talos Energy from $15.00 to $12.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Stephens cut their price objective on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lowered their target price on Talos Energy from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.89.

Talos Energy Trading Down 3.0 %

Shares of TALO stock opened at $7.16 on Monday. The firm has a market capitalization of $1.29 billion, a PE ratio of 13.26 and a beta of 1.33. 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 has a 1 year low of $6.23 and a 1 year high of $14.07. The stock has a fifty day moving average of $8.44 and a two-hundred day moving average of $9.68.

Hedge Funds Weigh In On Talos Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Talos Energy by 360.9% in the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock worth $31,000 after purchasing an additional 2,501 shares in the last quarter. Sterling Capital Management LLC increased its stake in Talos Energy by 787.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock valued at $44,000 after buying an additional 4,053 shares during the period. Parallel Advisors LLC lifted its position in Talos Energy by 2,601.0% in the 1st quarter. Parallel Advisors LLC now owns 5,321 shares of the company’s stock worth $52,000 after buying an additional 5,124 shares in the last quarter. KBC Group NV boosted its stake in shares of Talos Energy by 46.1% during the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after buying an additional 2,515 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of Talos Energy during the 1st quarter valued at $98,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.