Traders Buy Large Volume of Put Options on Talos Energy (NYSE:TALO)

Talos Energy Inc. (NYSE:TALO) was the recipient of some unusual options trading activity on Thursday. Traders acquired 2,075 put options on the stock. This represents an increase of approximately 516% compared to the typical volume of 337 put options.

Hedge Funds Weigh In On Talos Energy

Several large investors have recently bought and sold shares of TALO. Virtus Investment Advisers Inc. purchased a new stake in shares of Talos Energy in the 3rd quarter valued at about $31,000. US Bancorp DE lifted its stake in Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after buying an additional 1,827 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Talos Energy by 787.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock valued at $44,000 after buying an additional 4,053 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Talos Energy in the third quarter valued at approximately $75,000. Finally, KBC Group NV grew its position in shares of Talos Energy by 46.1% during the fourth quarter. KBC Group NV now owns 7,970 shares of the company’s stock worth $77,000 after acquiring an additional 2,515 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on TALO. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. Mizuho dropped their target price on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Stephens reduced 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 report on Wednesday, February 5th. Citigroup raised their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Talos Energy in a report on Thursday, December 5th. They set a “neutral” rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.83.

Talos Energy Stock Up 7.2 %

Shares of NYSE TALO traded up $0.63 during midday trading on Thursday, hitting $9.31. 2,152,433 shares of the company’s stock were exchanged, compared to its average volume of 1,687,794. The firm’s fifty day simple moving average is $9.75 and its 200-day simple moving average is $10.52. 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 cap of $1.67 billion, a PE ratio of 17.25 and a beta of 1.89. Talos Energy has a twelve month low of $8.48 and a twelve month high of $14.67.

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.