Talos Energy Target of Unusually High Options Trading (NYSE:TALO)

Talos Energy Inc. (NYSE:TALO) saw unusually large options trading activity on Thursday. Investors acquired 2,075 put options on the stock. This is an increase of approximately 516% compared to the average daily volume of 337 put options.

Talos Energy Stock Up 4.8 %

Shares of NYSE:TALO opened at $9.10 on Friday. 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 fifty-two week low of $8.48 and a fifty-two week high of $14.67. The firm’s 50 day moving average price is $9.75 and its 200 day moving average price is $10.51. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 16.84 and a beta of 1.89.

Institutional Trading of Talos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. acquired a new stake in Talos Energy during the fourth quarter worth approximately $367,000. GTS Securities LLC purchased a new position in shares of Talos Energy during the fourth quarter worth approximately $402,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Talos Energy by 3.4% during 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 acquiring an additional 61,572 shares during the last quarter. Sourcerock Group LLC grew its position in shares of Talos Energy by 3.6% during the fourth quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company’s stock worth $92,738,000 after acquiring an additional 331,109 shares during the last quarter. Finally, Squarepoint Ops LLC grew 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 acquiring an additional 285,424 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research note on Tuesday, November 12th. JPMorgan Chase & Co. assumed coverage on shares of Talos Energy in a research note on Thursday, December 5th. They set a “neutral” rating and a $12.00 target price for the company. Citigroup increased their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Stephens lowered their target price 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. Finally, Mizuho lowered their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.83.

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.