Talos Energy (NYSE:TALO) Given New $12.00 Price Target at JPMorgan Chase & Co.

Talos Energy (NYSE:TALO) had its price target trimmed by JPMorgan Chase & Co. from $14.00 to $12.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the company. Citigroup decreased their price objective on Talos Energy from $14.50 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Stephens decreased 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. Finally, Mizuho lowered their price target on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.56.

Talos Energy Stock Performance

Talos Energy stock opened at $8.22 on Thursday. The company’s 50-day moving average price is $9.61 and its 200-day moving average price is $10.30. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.48 billion, a PE ratio of 15.21 and a beta of 1.79. Talos Energy has a twelve month low of $8.05 and a twelve month high of $14.67.

Institutional Trading of Talos Energy

Large investors have recently made changes to their positions in the stock. Virtus Investment Advisers Inc. bought a new stake in Talos Energy during the 3rd quarter valued at about $31,000. US Bancorp DE raised its stake in shares of Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after acquiring an additional 1,827 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Talos Energy by 787.0% during the fourth 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Talos Energy in the third quarter valued at approximately $75,000. Finally, KBC Group NV grew its stake in Talos Energy by 46.1% in the fourth quarter. KBC Group NV now owns 7,970 shares of the company’s stock worth $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.

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.