Talos Energy (NYSE:TALO) Hits New 52-Week Low – Time to Sell?

Talos Energy Inc. (NYSE:TALO)’s stock price reached a new 52-week low on Friday . The stock traded as low as $8.88 and last traded at $8.89, with a volume of 719150 shares trading hands. The stock had previously closed at $9.37.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TALO shares. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th. Stephens dropped 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. JPMorgan Chase & Co. began coverage on shares of Talos Energy in a research note on Thursday, December 5th. They set a “neutral” rating and a $12.00 target price on the stock. Mizuho lowered 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 note on Monday, December 16th. Finally, Citigroup lifted their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Talos Energy has a consensus rating of “Moderate Buy” and an average price target of $15.83.

Talos Energy Stock Down 3.8 %

The company has a market cap of $1.62 billion, a price-to-earnings ratio of 16.69 and a beta of 1.89. The firm’s 50 day simple moving average is $9.81 and its 200-day simple moving average is $10.57. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. purchased a new position in Talos Energy in the fourth quarter valued at about $367,000. GTS Securities LLC purchased a new position in shares of Talos Energy during the 4th quarter worth approximately $402,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Talos Energy by 3.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,879,291 shares of the company’s stock worth $18,248,000 after purchasing an additional 61,572 shares in the last quarter. Sourcerock Group LLC increased its stake 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 worth $92,738,000 after purchasing an additional 331,109 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of Talos Energy by 279.9% during the 4th quarter. Squarepoint Ops LLC now owns 387,405 shares of the company’s stock worth $3,762,000 after purchasing an additional 285,424 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Company Profile

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.