Talos Energy (NYSE:TALO) Stock Price Up 4.9% - Time to Buy?

Key Points

• Talos Energy's shares increased by 4.9% on Monday, reaching a high of $9.20 after closing the previous session at $8.79.
• Despite a notable rise in stock price, trading volume significantly decreased, with only 525,167 shares changing hands, a drop of 77% from the average volume.
• Currently, Talos Energy has a consensus rating of "Moderate Buy" from analysts, with an average target price of $14.25, reflecting mixed outlooks from various research firms.

Talos Energy Inc. (NYSE:TALO - Get Free Report)'s share price was up 4.9% during trading on Monday . The stock traded as high as $9.20 and last traded at $9.23. Approximately 525,167 shares traded hands during trading, a decline of 77% from the average daily volume of 2,241,362 shares. The stock had previously closed at $8.79.

Analyst Ratings Changes

Several brokerages have issued reports on TALO. Capital One Financial initiated coverage on Talos Energy in a research note on Monday, June 16th. They set an "overweight" rating and a $14.00 price target for the company. Mizuho cut their target price on Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Finally, KeyCorp lowered their price objective on shares of Talos Energy from $16.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $14.25.

Talos Energy Stock Down 5.8%

The stock's 50 day simple moving average is $8.64 and its two-hundred day simple moving average is $8.64. The firm has a market cap of $1.43 billion, a P/E ratio of 53.77 and a beta of 0.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.05 and a quick ratio of 1.05.

Institutional Investors Weigh In On Talos Energy

Institutional investors have recently made changes to their positions in the company. Signaturefd LLC boosted its position in shares of Talos Energy by 571.3% during the first quarter. Signaturefd LLC now owns 5,612 shares of the company's stock valued at $55,000 after buying an additional 4,776 shares during the last quarter. GAMMA Investing LLC lifted its position in Talos Energy by 360.9% during the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock valued at $31,000 after purchasing an additional 2,501 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in Talos Energy during the first quarter valued at approximately $98,000. SG Americas Securities LLC lifted its position in Talos Energy by 11.0% during the first quarter. SG Americas Securities LLC now owns 67,692 shares of the company's stock valued at $658,000 after purchasing an additional 6,689 shares during the period. Finally, Invesco Ltd. lifted its position in Talos Energy by 2.7% during the fourth quarter. Invesco Ltd. now owns 1,121,556 shares of the company's stock valued at $10,890,000 after purchasing an additional 29,708 shares during the period. Hedge funds and other institutional investors 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.