Stock Traders Purchase Large Volume of Put Options on Talos Energy (NYSE:TALO)

Talos Energy Inc. (NYSE:TALO) was the target of unusually large options trading on Thursday. Traders bought 2,075 put options on the company. This represents an increase of 516% compared to the typical volume of 337 put options.

Institutional Investors Weigh In On Talos Energy

Hedge funds have recently made changes to their positions in the business. Creative Planning raised its stake in Talos Energy by 132.3% during the 3rd quarter. Creative Planning now owns 67,563 shares of the company’s stock valued at $699,000 after acquiring an additional 38,480 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Talos Energy by 76.6% during the third quarter. Assenagon Asset Management S.A. now owns 109,700 shares of the company’s stock valued at $1,135,000 after purchasing an additional 47,595 shares in the last quarter. US Bancorp DE raised its stake in shares of Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after purchasing an additional 1,827 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in Talos Energy by 2.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 167,249 shares of the company’s stock valued at $1,731,000 after buying an additional 3,961 shares in the last quarter. Finally, Entropy Technologies LP increased its stake in Talos Energy by 101.4% during the 3rd quarter. Entropy Technologies LP now owns 42,149 shares of the company’s stock valued at $436,000 after buying an additional 21,225 shares during the period. Institutional investors own 89.35% of the company’s stock.

Talos Energy Trading Down 1.5 %

Shares of NYSE:TALO opened at $9.00 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $9.75 and its 200 day moving average price is $10.51. The company has a market cap of $1.62 billion, a PE ratio of 16.67 and a beta of 1.89. Talos Energy has a fifty-two week low of $8.48 and a fifty-two week high of $14.67.

Analysts Set New Price Targets

TALO has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Stephens dropped their price target on Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Mizuho decreased their price objective on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. started coverage on shares of Talos Energy in a report on Thursday, December 5th. They set a “neutral” rating and a $12.00 target price on the stock. Finally, Citigroup raised their price target on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.83.

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.