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

Talos Energy (NYSE:TALO) had its price objective decreased by investment analysts at KeyCorp from $16.00 to $12.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target indicates a potential upside of 67.48% from the stock’s previous close.

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

Talos Energy Price Performance

Shares of TALO traded down $0.22 on Monday, reaching $7.17. The stock had a trading volume of 220,425 shares, compared to its average volume of 2,029,637. Talos Energy has a twelve month low of $6.23 and a twelve month high of $14.07. The firm has a market capitalization of $1.29 billion, a PE ratio of 13.27 and a beta of 1.33. The firm has a 50-day moving average of $8.48 and a 200 day moving average of $9.71. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

Institutional Trading of Talos Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its position in shares of Talos Energy by 318.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company’s stock valued at $19,106,000 after purchasing an additional 1,497,472 shares during the period. Dimensional Fund Advisors LP grew its holdings in Talos Energy by 11.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company’s stock valued at $74,964,000 after buying an additional 763,631 shares during the period. Janus Henderson Group PLC increased its stake in shares of Talos Energy by 1,229.2% during the 4th quarter. Janus Henderson Group PLC now owns 792,528 shares of the company’s stock valued at $7,699,000 after acquiring an additional 732,904 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Talos Energy by 14.9% during 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 during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Talos Energy in the fourth quarter worth approximately $3,863,000. 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.