Talos Energy (NYSE:TALO) Shares Gap Up - Should You Buy?

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $9.11, but opened at $9.52. Talos Energy shares last traded at $9.41, with a volume of 696,231 shares.

Analysts Set New Price Targets

Several research analysts recently commented on TALO shares. KeyCorp decreased their target price on shares of Talos Energy from $16.00 to $12.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. lowered their price objective on shares of Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Capital One Financial started coverage on shares of Talos Energy in a report on Monday. They set an "overweight" rating and a $14.00 target price for the company. Citigroup reduced their price target on Talos Energy from $14.50 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Finally, Mizuho dropped their price objective on Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.22.

Talos Energy Trading Down 0.5%

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The stock's 50 day moving average is $7.79 and its 200-day moving average is $8.91. The company has a market capitalization of $1.65 billion, a P/E ratio of 17.23 and a beta of 0.69.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors have recently added to or reduced their stakes in TALO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Talos Energy by 16.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company's stock valued at $21,224,000 after buying an additional 304,205 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Talos Energy by 11.0% in the 1st quarter. Empowered Funds LLC now owns 1,196,062 shares of the company's stock worth $11,626,000 after acquiring an additional 118,385 shares in the last quarter. Aristeia Capital L.L.C. purchased a new position in Talos Energy during the 1st quarter valued at about $275,000. Philosophy Capital Management LLC boosted its stake in Talos Energy by 11.5% during the first quarter. Philosophy Capital Management LLC now owns 4,251,212 shares of the company's stock worth $41,322,000 after acquiring an additional 437,788 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Talos Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company's stock worth $838,000 after acquiring an additional 3,783 shares in the last quarter. 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.