Talos Energy (NYSE:TALO) Stock Price Up 5.3% – Here’s Why

Talos Energy Inc. (NYSE:TALO)’s stock price traded up 5.3% on Friday . The stock traded as high as $8.76 and last traded at $8.81. 161,412 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,801,922 shares. The stock had previously closed at $8.36.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Stephens cut their price target on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Benchmark reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. Mizuho cut their price target on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Citigroup dropped their price objective on shares of Talos Energy from $14.50 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Talos Energy from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Talos Energy currently has an average rating of “Moderate Buy” and an average price target of $15.78.

Talos Energy Stock Up 5.5 %

The stock has a market cap of $1.59 billion, a PE ratio of 16.34 and a beta of 1.79. The business has a 50-day moving average price of $9.68 and a 200-day moving average price of $10.36. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47.

Institutional Investors Weigh In On Talos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in TALO. Ameriprise Financial Inc. increased its holdings in Talos Energy by 318.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company’s stock worth $19,106,000 after acquiring an additional 1,497,472 shares in the last quarter. Bridgewater Associates LP purchased a new stake in Talos Energy in the 3rd quarter worth $8,805,000. Philosophy Capital Management LLC increased its holdings in Talos Energy by 37.8% in the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock worth $31,728,000 after acquiring an additional 841,414 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Talos Energy by 11.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company’s stock worth $74,964,000 after acquiring an additional 763,631 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Talos Energy by 1,229.2% in the 4th quarter. Janus Henderson Group PLC now owns 792,528 shares of the company’s stock worth $7,699,000 after acquiring an additional 732,904 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.