Talos Energy Target of Unusually High Options Trading (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 company. This represents an increase of 516% compared to the typical daily volume of 337 put options.

Analysts Set New Price Targets

A number of research firms recently weighed in on TALO. Citigroup lifted their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. JPMorgan Chase & Co. assumed coverage on shares of Talos Energy in a research report on Thursday, December 5th. They set a “neutral” rating and a $12.00 target price on the stock. Mizuho decreased 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. Finally, Stephens decreased 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 report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sourcerock Group LLC raised its stake in shares of Talos Energy by 3.6% during the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company’s stock worth $92,738,000 after buying an additional 331,109 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Talos Energy by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company’s stock worth $74,964,000 after buying an additional 763,631 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Talos Energy by 14.9% during the 4th quarter. American Century Companies Inc. now owns 4,427,546 shares of the company’s stock worth $42,991,000 after buying an additional 575,096 shares during the last quarter. Philosophy Capital Management LLC raised its stake in shares of Talos Energy by 37.8% during the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock worth $31,728,000 after buying an additional 841,414 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Talos Energy by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,100,185 shares of the company’s stock valued at $20,393,000 after purchasing an additional 101,280 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Trading Up 4.8 %

NYSE:TALO opened at $9.10 on Friday. The company has a market capitalization of $1.64 billion, a PE ratio of 16.84 and a beta of 1.89. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy has a 52-week low of $8.48 and a 52-week high of $14.67. The stock has a fifty day simple moving average of $9.75 and a 200-day simple moving average of $10.51.

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.