Talos Energy (NYSE:TALO) Shares Gap Up - Still a Buy?

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

Analyst Ratings Changes

Several equities analysts recently weighed in on TALO shares. Mizuho decreased their target price on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. KeyCorp dropped their price objective 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 target price on Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Citigroup decreased their price target 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. Finally, Capital One Financial initiated coverage on Talos Energy in a research report on Monday, June 16th. They issued an "overweight" rating and a $14.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Talos Energy has an average rating of "Moderate Buy" and an average target price of $14.22.

Talos Energy Stock Performance

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $8.05 and a two-hundred day simple moving average of $8.85.

Hedge Funds Weigh In On Talos Energy

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Talos Energy by 360.9% during the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock worth $31,000 after acquiring an additional 2,501 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Talos Energy by 787.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company's stock valued at $44,000 after acquiring an additional 4,053 shares during the period. Parallel Advisors LLC lifted its position in Talos Energy by 2,601.0% in the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock valued at $52,000 after purchasing an additional 5,124 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Talos Energy by 571.3% in the first quarter. Signaturefd LLC now owns 5,612 shares of the company's stock worth $55,000 after purchasing an additional 4,776 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in Talos Energy during the 1st quarter valued at $65,000. 89.35% of the stock is currently 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.