Systematic Financial Management LP Makes New $865,000 Investment in Talos Energy Inc. (NYSE:TALO)

Systematic Financial Management LP purchased a new position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 83,565 shares of the company's stock, valued at approximately $865,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quadrature Capital Ltd acquired a new position in Talos Energy during the third quarter worth about $329,000. Philosophy Capital Management LLC raised its position in shares of Talos Energy by 37.8% during the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company's stock worth $31,728,000 after purchasing an additional 841,414 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Talos Energy in the 3rd quarter valued at approximately $75,000. PDT Partners LLC purchased a new stake in Talos Energy in the 3rd quarter valued at approximately $598,000. Finally, Verition Fund Management LLC grew its holdings in Talos Energy by 250.2% during the 3rd quarter. Verition Fund Management LLC now owns 94,395 shares of the company's stock valued at $977,000 after buying an additional 67,438 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Wall Street Analysts Forecast Growth

TALO has been the topic of a number of recent research reports. Benchmark restated a "buy" rating and issued a $20.00 target price on shares of Talos Energy in a report on Tuesday, November 12th. KeyCorp decreased their target price 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. BMO Capital Markets cut 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. Mizuho initiated coverage on Talos Energy in a research note on Thursday, September 19th. They set an "outperform" rating and a $16.00 price target on the stock. Finally, JPMorgan Chase & Co. started coverage on Talos Energy in a research report on Thursday. They issued a "neutral" rating and a $12.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Talos Energy has a consensus rating of "Moderate Buy" and a consensus price target of $16.50.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital purchased 100,000 shares of Talos Energy stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of $10.31 per share, with a total value of $1,031,000.00. Following the transaction, the insider now owns 43,545,604 shares of the company's stock, valued at approximately $448,955,177.24. The trade was a 0.23 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.77% of the company's stock.

Talos Energy Trading Down 3.5 %

Shares of TALO stock traded down $0.36 on Friday, reaching $9.88. 1,628,845 shares of the stock were exchanged, compared to its average volume of 1,518,118. 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 stock has a market cap of $1.78 billion, a P/E ratio of 18.30 and a beta of 1.92. The firm has a 50 day moving average of $10.82 and a two-hundred day moving average of $11.17. Talos Energy Inc. has a 1-year low of $9.44 and a 1-year high of $14.77.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The firm had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The business's revenue was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, research 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.