Bridgewater Associates LP Buys Shares of 850,745 Talos Energy Inc. (NYSE:TALO)

Bridgewater Associates LP acquired a new stake in Talos Energy Inc. (NYSE:TALO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 850,745 shares of the company's stock, valued at approximately $8,805,000. Bridgewater Associates LP owned 0.47% of Talos Energy at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its stake in shares of Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company's stock valued at $33,000 after buying an additional 917 shares during the period. US Bancorp DE increased its stake in shares of Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company's stock valued at $36,000 after buying an additional 1,827 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Talos Energy by 91.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company's stock valued at $57,000 after buying an additional 2,235 shares during the period. FMR LLC increased its stake in shares of Talos Energy by 119.2% in the third quarter. FMR LLC now owns 10,395 shares of the company's stock valued at $108,000 after buying an additional 5,653 shares during the period. Finally, Regent Peak Wealth Advisors LLC acquired a new position in shares of Talos Energy in the third quarter valued at approximately $118,000. Institutional investors and hedge funds own 89.35% of the company's stock.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital purchased 323,000 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $10.84 per share, for a total transaction of $3,501,320.00. Following the completion of the acquisition, the insider now owns 42,858,904 shares in the company, valued at $464,590,519.36. This trade represents a 0.76 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders acquired 1,220,000 shares of company stock valued at $13,135,560. 0.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. KeyCorp decreased their target price on shares of Talos Energy from $21.00 to $16.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Mizuho assumed coverage on shares of Talos Energy in a research report on Thursday, September 19th. They set an "outperform" rating and a $16.00 target price for the company. BMO Capital Markets decreased their target price on shares of Talos Energy from $14.00 to $13.00 and set a "market perform" rating for the company in a research report on Friday, October 4th. Benchmark reissued a "buy" rating and set a $20.00 target price on shares of Talos Energy in a research report on Tuesday, November 12th. Finally, Citigroup increased their target price on shares of Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Talos Energy presently has an average rating of "Moderate Buy" and a consensus price target of $17.06.

Talos Energy Trading Up 0.4 %

Shares of TALO stock traded up $0.05 during trading hours on Friday, hitting $11.25. 505,984 shares of the company were exchanged, compared to its average volume of 2,103,754. The company has a 50 day simple moving average of $10.82 and a two-hundred day simple moving average of $11.24. Talos Energy Inc. has a fifty-two week low of $9.44 and a fifty-two week high of $14.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $2.02 billion, a P/E ratio of 20.74 and a beta of 1.92.

Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The business had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. During the same period in the previous year, the business posted $0.14 EPS. The business's revenue for the quarter was up 32.9% compared to the same quarter last year. Equities analysts anticipate that Talos Energy Inc. will post -0.35 EPS for the current year.

Talos Energy 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.