57,761 Shares in Talos Energy Inc. (NYSE:TALO) Bought by PDT Partners LLC

PDT Partners LLC purchased a new position in Talos Energy Inc. (NYSE:TALO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 57,761 shares of the company's stock, valued at approximately $598,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its position in shares of Talos Energy by 51.9% in the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company's stock worth $33,000 after buying an additional 917 shares during the period. Everence Capital Management Inc. increased its position in shares of Talos Energy by 8.6% in the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company's stock worth $228,000 after acquiring an additional 1,740 shares in the last quarter. US Bancorp DE raised its stake in shares of Talos Energy by 113.3% in the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company's stock valued at $36,000 after acquiring an additional 1,827 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Talos Energy by 13.8% during the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company's stock valued at $185,000 after acquiring an additional 1,838 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Talos Energy by 91.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company's stock worth $57,000 after purchasing an additional 2,235 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TALO. Benchmark reiterated a "buy" rating and issued a $20.00 target price on shares of Talos Energy in a research note on Tuesday, November 12th. Citigroup lifted their target price on Talos Energy from $12.50 to $14.50 and gave the stock a "buy" rating in a research report on Thursday, November 14th. BMO Capital Markets reduced their price target on Talos Energy from $14.00 to $13.00 and set a "market perform" rating for the company in a report on Friday, October 4th. KeyCorp reduced their price target on shares of Talos Energy from $21.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Finally, Mizuho initiated coverage on Talos Energy in a research note on Thursday, September 19th. They set an "outperform" rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.06.

Insider Activity

In other news, insider Control Empresarial De Capital acquired 100,000 shares of the firm's stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of $10.31 per share, for a total transaction of $1,031,000.00. Following the completion of the acquisition, the insider now owns 43,545,604 shares in the company, valued at $448,955,177.24. This trade represents a 0.23 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last quarter, insiders have acquired 673,000 shares of company stock valued at $7,162,320. 0.77% of the stock is currently owned by insiders.

Talos Energy Price Performance

NYSE TALO traded down $0.16 during trading on Tuesday, reaching $11.01. 747,468 shares of the company traded hands, compared to its average volume of 2,092,793. Talos Energy Inc. has a 1-year low of $9.44 and a 1-year high of $14.77. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 20.41 and a beta of 1.92. The stock's 50 day moving average price is $10.82 and its two-hundred day moving average price is $11.21. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. During the same period in the previous year, the business posted $0.14 earnings per share. The firm's revenue was up 32.9% compared to the same quarter last year. As a group, analysts anticipate that Talos Energy Inc. will post -0.35 EPS for the current year.

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.