Talos Energy (NYSE:TALO) Shares Up 5.3% – What’s Next?

Talos Energy Inc. (NYSE:TALO) shares were up 5.3% during mid-day trading on Friday . The stock traded as high as $8.76 and last traded at $8.81. Approximately 161,412 shares changed 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.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TALO shares. Stephens cut their target price 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. Citigroup reduced their price objective on shares of Talos Energy from $14.50 to $12.00 and set a “buy” rating on the stock in a report on Tuesday. Benchmark reaffirmed a “buy” rating and set a $20.00 price objective 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 on the stock in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. lifted their price target on Talos Energy from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday. Two 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 has a consensus rating of “Moderate Buy” and a consensus target price of $15.78.

Talos Energy Price Performance

The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 16.39 and a beta of 1.79. The company has a fifty day moving average price of $9.69 and a two-hundred day moving average price of $10.39.

Institutional Trading of Talos Energy

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