Talos Energy (NYSE:TALO) Sets New 12-Month Low – Here’s Why

Talos Energy Inc. (NYSE:TALO) shares hit a new 52-week low during trading on Friday . The company traded as low as $7.75 and last traded at $7.78, with a volume of 23062 shares changing hands. The stock had previously closed at $8.20.

Analysts Set New Price Targets

A number of brokerages have weighed in on TALO. Stephens decreased 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. Mizuho lowered their price objective on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. 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 report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. dropped their price target on Talos Energy from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.56.

Talos Energy Price Performance

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 firm has a market capitalization of $1.29 billion, a PE ratio of 13.25 and a beta of 1.33. The business has a 50-day moving average of $9.18 and a 200 day moving average of $10.07.

Institutional Investors Weigh In On Talos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in TALO. FMR LLC grew its stake in Talos Energy by 119.2% in the 3rd quarter. FMR LLC now owns 10,395 shares of the company’s stock valued at $108,000 after purchasing an additional 5,653 shares during the period. BNP Paribas Financial Markets increased its holdings in Talos Energy by 260.4% during the third quarter. BNP Paribas Financial Markets now owns 50,316 shares of the company’s stock worth $521,000 after buying an additional 36,356 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Talos Energy by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,817,719 shares of the company’s stock worth $18,813,000 after acquiring an additional 33,985 shares during the period. Verition Fund Management LLC boosted its stake in Talos Energy by 250.2% in the third quarter. Verition Fund Management LLC now owns 94,395 shares of the company’s stock valued at $977,000 after acquiring an additional 67,438 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Talos Energy during the 3rd quarter valued at approximately $75,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.