JPMorgan Chase & Co. Cuts Talos Energy (NYSE:TALO) Price Target to $12.00

Talos Energy (NYSE:TALO) had its price objective cut by JPMorgan Chase & Co. from $14.00 to $12.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently commented on TALO. Stephens decreased their price target on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Citigroup decreased their target price on shares of Talos Energy from $14.50 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, Mizuho decreased their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Talos Energy has a consensus rating of “Moderate Buy” and a consensus price target of $15.56.

Talos Energy Stock Up 4.4 %

Shares of TALO stock opened at $8.58 on Thursday. The stock has a market cap of $1.54 billion, a P/E ratio of 15.88 and a beta of 1.79. Talos Energy has a 52 week low of $8.05 and a 52 week high of $14.67. 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’s fifty day simple moving average is $9.54 and its two-hundred day simple moving average is $10.25.

Hedge Funds Weigh In On Talos Energy

Hedge funds have recently added to or reduced their stakes in the stock. Virtus Investment Advisers Inc. bought a new position in Talos Energy in the 3rd quarter worth about $31,000. US Bancorp DE grew its stake in Talos Energy by 113.3% in 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 in the last quarter. Sterling Capital Management LLC grew its stake in Talos Energy by 787.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock worth $44,000 after acquiring an additional 4,053 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Talos Energy in the 3rd quarter worth about $75,000. Finally, KBC Group NV grew its stake in Talos Energy by 46.1% in the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock worth $77,000 after acquiring an additional 2,515 shares in 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.