Talos Energy (NYSE:TALO) Hits New 52-Week Low – Time to Sell?

Talos Energy Inc. (NYSE:TALO) shares hit a new 52-week low on Friday . The stock traded as low as $8.88 and last traded at $8.89, with a volume of 719150 shares trading hands. The stock had previously closed at $9.37.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. Stephens cut their price target on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Citigroup upped their price target on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. began coverage on shares of Talos Energy in a report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target on the stock. Finally, Mizuho dropped their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.83.

Talos Energy Stock Down 3.8 %

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 $1.62 billion, a PE ratio of 16.69 and a beta of 1.89. The business’s 50-day simple moving average is $9.81 and its 200-day simple moving average is $10.57.

Hedge Funds Weigh In On Talos Energy

Institutional investors have recently bought and sold shares of the business. Virtus Investment Advisers Inc. purchased a new position in shares of Talos Energy during the 3rd quarter valued at approximately $31,000. US Bancorp DE increased its holdings 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 purchasing an additional 1,827 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Talos Energy by 787.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock valued at $44,000 after purchasing an additional 4,053 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Talos Energy during the 3rd quarter valued at approximately $75,000. Finally, KBC Group NV increased its holdings 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 purchasing an additional 2,515 shares in the last quarter. 89.35% of the stock is 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.