Talos Energy (NYSE:TALO) Trading Up 5.3% - Here's Why

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s share price rose 5.3% on Friday . The company traded as high as $8.76 and last traded at $8.81. Approximately 161,412 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 1,801,922 shares. The stock had previously closed at $8.36.

Wall Street Analyst Weigh In

TALO has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Talos Energy from $13.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. Stephens dropped their price objective on Talos Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Mizuho reduced their target price on Talos Energy from $16.00 to $14.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Citigroup decreased their target price on Talos Energy from $14.50 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, Benchmark restated a "buy" rating and issued a $20.00 price target on shares of Talos Energy in a report 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 MarketBeat, Talos Energy currently has a consensus rating of "Moderate Buy" and an average target price of $15.78.

Talos Energy Trading Down 2.3 %

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $1.51 billion, a P/E ratio of 15.57 and a beta of 1.79. The company's fifty day simple moving average is $9.68 and its 200-day simple moving average is $10.35.

Remove Ads

Hedge Funds Weigh In On Talos Energy

A number of large investors have recently bought and sold shares of TALO. GF Fund Management CO. LTD. bought a new stake in Talos Energy during the 4th quarter valued at $367,000. GTS Securities LLC bought a new stake in Talos Energy during the fourth quarter valued at about $402,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Talos Energy by 3.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,879,291 shares of the company's stock valued at $18,248,000 after purchasing an additional 61,572 shares during the last quarter. Sourcerock Group LLC raised its holdings in Talos Energy by 3.6% in the fourth 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 raised its holdings in Talos Energy by 279.9% in the fourth 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. 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.