Talos Energy (NYSE:TALO) Shares Gap Up - Time to Buy?

Shares of Talos Energy Inc. (NYSE:TALO - Get Free Report) gapped up before the market opened 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TALO. Citigroup cut their price objective on shares of Talos Energy from $14.50 to $12.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. KeyCorp cut their price objective on shares of Talos Energy from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Mizuho cut their price objective on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.25.

Talos Energy Price Performance

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 company has a market cap of $1.66 billion, a price-to-earnings ratio of 17.32 and a beta of 0.69. The company's 50-day simple moving average is $7.79 and its 200-day simple moving average is $8.94.

Institutional Trading of Talos Energy

A number of hedge funds have recently made changes to their positions in TALO. New York State Teachers Retirement System grew its position in shares of Talos Energy by 16.1% during the fourth quarter. New York State Teachers Retirement System now owns 45,647 shares of the company's stock worth $443,000 after buying an additional 6,335 shares in the last quarter. Congress Asset Management Co. lifted its stake in Talos Energy by 8.4% during the fourth quarter. Congress Asset Management Co. now owns 385,686 shares of the company's stock worth $3,745,000 after purchasing an additional 29,743 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Talos Energy by 13.8% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 190,314 shares of the company's stock worth $1,848,000 after purchasing an additional 23,065 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Talos Energy by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 603,337 shares of the company's stock worth $5,858,000 after purchasing an additional 15,686 shares during the last quarter. Finally, Keating Investment Counselors Inc. lifted its stake in Talos Energy by 5.1% during the fourth quarter. Keating Investment Counselors Inc. now owns 240,680 shares of the company's stock worth $2,337,000 after purchasing an additional 11,755 shares during the last quarter. Institutional investors and hedge funds 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.