Talos Energy Inc. (NYSE:TALO) Receives $14.38 Consensus Target Price from Brokerages

Talos Energy Inc. (NYSE:TALO) has earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.25.

Several analysts recently issued reports on TALO shares. Mizuho cut their price target on shares of Talos Energy from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Tuesday, May 13th. Citigroup cut their price target on shares of Talos Energy from $14.50 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. cut 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. Stephens dropped their target price 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. Finally, KeyCorp dropped their target price on shares of Talos Energy from $16.00 to $12.00 and set an “overweight” rating on the stock in a report on Monday, April 21st.

Institutional Trading of Talos Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Comerica Bank raised its holdings in shares of Talos Energy by 3.0% during the first quarter. Comerica Bank now owns 44,471 shares of the company’s stock worth $432,000 after purchasing an additional 1,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Talos Energy by 1.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,413 shares of the company’s stock worth $800,000 after acquiring an additional 1,403 shares during the period. Aquatic Capital Management LLC increased its holdings in shares of Talos Energy by 2.9% in the 4th quarter. Aquatic Capital Management LLC now owns 60,696 shares of the company’s stock worth $589,000 after acquiring an additional 1,696 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Talos Energy by 2.5% in the 4th quarter. MetLife Investment Management LLC now owns 87,672 shares of the company’s stock worth $851,000 after acquiring an additional 2,167 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Talos Energy by 2.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 111,892 shares of the company’s stock worth $1,086,000 after acquiring an additional 2,192 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Trading Down 1.5%

TALO opened at $8.29 on Friday. The stock has a market capitalization of $1.48 billion, a PE ratio of 15.35 and a beta of 0.65. The firm’s fifty day moving average price is $7.98 and its 200 day moving average price is $9.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. Talos Energy has a 12-month low of $6.23 and a 12-month high of $12.71.

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.