Talos Energy (NYSE:TALO) Shares Up 4.2% – Should You Buy?

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

Wall Street Analyst Weigh In

TALO has been the topic of a number of research reports. Mizuho reduced their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Stephens decreased their target price on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lowered their target price on Talos Energy from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Citigroup cut their price target on Talos Energy from $14.50 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.56.

Talos Energy Price Performance

The firm has a market capitalization of $1.73 billion, a PE ratio of 17.79 and a beta of 1.79. 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 stock has a fifty day moving average price of $9.32 and a 200-day moving average price of $10.13.

Hedge Funds Weigh In On Talos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in TALO. Ameriprise Financial Inc. boosted its holdings in shares of Talos Energy by 318.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company’s stock valued at $19,106,000 after buying an additional 1,497,472 shares in the last quarter. Bridgewater Associates LP purchased a new stake in Talos Energy during the third quarter valued at approximately $8,805,000. Philosophy Capital Management LLC boosted its stake in Talos Energy by 37.8% in the third quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock valued at $31,728,000 after acquiring an additional 841,414 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Talos Energy by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company’s stock worth $74,964,000 after purchasing an additional 763,631 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Talos Energy by 1,229.2% in the fourth quarter. Janus Henderson Group PLC now owns 792,528 shares of the company’s stock worth $7,699,000 after purchasing an additional 732,904 shares during the last quarter. 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.