Talos Energy (NYSE:TALO) Hits New 1-Year Low – Here’s Why

Talos Energy Inc. (NYSE:TALO)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $8.48 and last traded at $8.70, with a volume of 1850656 shares changing hands. The stock had previously closed at $8.61.

Analyst Upgrades and Downgrades

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

Talos Energy Price Performance

The firm has a market cap of $1.57 billion, a P/E ratio of 16.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s 50-day simple moving average is $9.75 and its two-hundred day simple moving average is $10.52.

Hedge Funds Weigh In On Talos Energy

Hedge funds have recently added to or reduced their stakes in the company. Virtus Investment Advisers Inc. purchased a new position in shares of Talos Energy during the third quarter valued at approximately $31,000. US Bancorp DE lifted its stake 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 worth $36,000 after acquiring an additional 1,827 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in 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 acquiring an additional 4,053 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Talos Energy during the 3rd quarter valued at $75,000. Finally, KBC Group NV grew its position in Talos Energy by 46.1% in the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after acquiring an additional 2,515 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

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.