Stock Traders Purchase Large Volume of Talos Energy Put Options (NYSE:TALO)

Talos Energy Inc. (NYSE:TALO - Get Free Report) saw unusually large options trading on Thursday. Traders acquired 2,075 put options on the company. This represents an increase of approximately 516% compared to the average daily volume of 337 put options.

Talos Energy Stock Performance

Talos Energy stock traded down $0.63 during mid-day trading on Monday, reaching $8.37. 3,124,402 shares of the company traded hands, compared to its average volume of 1,814,385. Talos Energy has a fifty-two week low of $8.29 and a fifty-two week high of $14.67. The firm's fifty day moving average is $9.75 and its two-hundred day moving average is $10.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.50 and a beta of 1.89.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Benchmark reissued a "buy" rating and issued a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. Citigroup increased their price target on shares of Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. assumed coverage on shares of Talos Energy in a report on Thursday, December 5th. They issued a "neutral" rating and a $12.00 price target on the stock. 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 research note on Monday, December 16th. Finally, Stephens lowered their target price on shares of Talos Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.83.

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Hedge Funds Weigh In On Talos Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of Talos Energy by 132.3% in the third quarter. Creative Planning now owns 67,563 shares of the company's stock valued at $699,000 after purchasing an additional 38,480 shares during the period. Assenagon Asset Management S.A. boosted its position in Talos Energy by 76.6% in the third quarter. Assenagon Asset Management S.A. now owns 109,700 shares of the company's stock valued at $1,135,000 after buying an additional 47,595 shares during the last quarter. US Bancorp DE increased its holdings 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 buying an additional 1,827 shares during the period. State of New Jersey Common Pension Fund D raised its position in Talos Energy by 2.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 167,249 shares of the company's stock worth $1,731,000 after buying an additional 3,961 shares during the last quarter. Finally, Entropy Technologies LP lifted its stake in Talos Energy by 101.4% during the 3rd quarter. Entropy Technologies LP now owns 42,149 shares of the company's stock valued at $436,000 after acquiring an additional 21,225 shares during the period. Hedge funds and other institutional investors own 89.35% of the company's stock.

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.