Talos Energy (NYSE:TALO) Shares Gap Up - Here's What Happened

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $9.37, but opened at $9.68. Talos Energy shares last traded at $9.27, with a volume of 368,906 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TALO. Mizuho cut their price target on Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. KeyCorp cut their price target on Talos Energy from $16.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. cut their price target on Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Capital One Financial began coverage on Talos Energy in a report on Monday, June 16th. They issued an "overweight" rating and a $14.00 price target for the company. Finally, Citigroup cut their price target on Talos Energy from $14.50 to $12.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $14.22.

Talos Energy Price Performance

The stock has a market capitalization of $1.53 billion, a P/E ratio of 57.42 and a beta of 0.69. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $8.14 and a two-hundred day simple moving average of $8.83.

Institutional Trading of Talos Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in TALO. State of New Jersey Common Pension Fund D raised its holdings in Talos Energy by 13.8% during the 4th 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. increased its stake in shares of Talos Energy by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 603,337 shares of the company's stock valued at $5,858,000 after acquiring an additional 15,686 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Talos Energy by 4.1% in the 4th quarter. New York State Common Retirement Fund now owns 56,474 shares of the company's stock valued at $548,000 after acquiring an additional 2,200 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 acquiring an additional 101,280 shares during the last quarter. Finally, Inceptionr LLC increased its stake in shares of Talos Energy by 75.3% in the 4th quarter. Inceptionr LLC now owns 18,898 shares of the company's stock valued at $184,000 after acquiring an additional 8,118 shares during the last quarter. 89.35% of the stock is owned by institutional investors.

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.