Talos Energy (NYSE:TALO) Trading Up 4.2% – Here’s What Happened

Talos Energy Inc. (NYSE:TALO)’s share price rose 4.2% during trading on Wednesday . The company traded as high as $9.65 and last traded at $9.63. Approximately 95,319 shares traded hands during trading, a decline of 95% from the average daily volume of 1,793,626 shares. The stock had previously closed at $9.24.

Wall Street Analyst Weigh In

Several research firms have weighed in on TALO. Citigroup cut their price target on Talos Energy from $14.50 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Mizuho cut their target price 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. JPMorgan Chase & Co. decreased their price target on shares of Talos Energy from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Stephens dropped their price objective 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.56.

Talos Energy Stock Up 0.4 %

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’s fifty day moving average price is $9.32 and its 200-day moving average price is $10.13. The stock has a market cap of $1.73 billion, a P/E ratio of 17.79 and a beta of 1.79.

Institutional Trading of Talos Energy

Several institutional investors have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. purchased a new stake in shares of Talos Energy in the fourth quarter worth approximately $367,000. GTS Securities LLC bought a new position in Talos Energy in the 4th quarter valued at $402,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 worth $18,248,000 after purchasing an additional 61,572 shares during the period. Sourcerock Group LLC increased its stake 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 during the period. Finally, Squarepoint Ops LLC lifted its position in shares of Talos Energy by 279.9% during 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 during the last quarter. 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.