Talos Energy (NYSE:TALO) Price Target Raised to $14.00

Talos Energy (NYSE:TALO) had its target price increased by JPMorgan Chase & Co. from $13.00 to $14.00 in a report released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

TALO has been the subject of a number of other reports. Mizuho reduced 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. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th. Citigroup increased their price objective on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Stephens dropped their target price on Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Talos Energy presently has a consensus rating of “Moderate Buy” and an average price target of $15.78.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $8.35 on Tuesday. Talos Energy has a twelve month low of $8.05 and a twelve month high of $14.67. The stock’s 50 day moving average is $9.70 and its 200-day moving average is $10.41. 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 firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 15.45 and a beta of 1.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sourcerock Group LLC increased its position in shares of Talos Energy by 3.6% during the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company’s stock valued at $92,738,000 after purchasing an additional 331,109 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Talos Energy by 11.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company’s stock worth $74,964,000 after buying an additional 763,631 shares during the last quarter. American Century Companies Inc. increased its holdings in Talos Energy by 14.9% during the fourth quarter. American Century Companies Inc. now owns 4,427,546 shares of the company’s stock worth $42,991,000 after buying an additional 575,096 shares during the last quarter. Philosophy Capital Management LLC raised its position in Talos Energy by 37.8% in the third quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock worth $31,728,000 after acquiring an additional 841,414 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Talos Energy by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,100,185 shares of the company’s stock valued at $20,393,000 after acquiring an additional 101,280 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.