Talos Energy Inc (NYSE:TALO) Short Interest Down 12.6% in January

Talos Energy Inc (NYSE:TALO) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 2,360,000 shares, a decrease of 12.6% from the January 15th total of 2,700,000 shares. Based on an average daily trading volume, of 449,900 shares, the short-interest ratio is presently 5.2 days. Currently, 11.9% of the shares of the company are sold short.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in shares of Talos Energy by 404.5% during the 2nd quarter. Invesco Ltd. now owns 80,988 shares of the company’s stock worth $1,948,000 after acquiring an additional 64,935 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Talos Energy by 91.9% during the 2nd quarter. Bank of America Corp DE now owns 32,422 shares of the company’s stock worth $779,000 after acquiring an additional 15,530 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Talos Energy by 59.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 26,556 shares of the company’s stock worth $639,000 after acquiring an additional 9,932 shares during the last quarter. Bowling Portfolio Management LLC purchased a new position in shares of Talos Energy during the 3rd quarter worth $1,288,000. Finally, Rhumbline Advisers boosted its stake in shares of Talos Energy by 8.6% during the 3rd quarter. Rhumbline Advisers now owns 34,237 shares of the company’s stock worth $696,000 after acquiring an additional 2,713 shares during the last quarter. 98.13% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the stock. TheStreet downgraded shares of Talos Energy from a “c-” rating to a “d” rating in a report on Monday. ValuEngine raised shares of Talos Energy from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research downgraded shares of Talos Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Talos Energy currently has an average rating of “Buy” and an average price target of $36.40.

NYSE TALO traded down $0.40 during mid-day trading on Friday, reaching $18.40. 359,100 shares of the stock were exchanged, compared to its average volume of 392,159. The business’s 50 day moving average is $25.62 and its 200-day moving average is $22.97. Talos Energy has a 1 year low of $17.40 and a 1 year high of $31.34. The company has a market capitalization of $963.62 million, a P/E ratio of 2.73 and a beta of 1.95. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.81 and a current ratio of 0.81.

About Talos Energy

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

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