Talos Energy Inc. (NYSE:TALO) Stake Lifted by Barclays PLC

Barclays PLC raised its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 21.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,173,765 shares of the company's stock after purchasing an additional 210,687 shares during the quarter. Barclays PLC owned 0.65% of Talos Energy worth $12,149,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC boosted its position in shares of Talos Energy by 37.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company's stock worth $10,696,000 after buying an additional 239,996 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Talos Energy in the second quarter valued at approximately $18,832,000. HITE Hedge Asset Management LLC increased its stake in shares of Talos Energy by 78.0% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company's stock worth $30,939,000 after purchasing an additional 1,116,241 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Talos Energy by 1,557.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company's stock worth $22,292,000 after purchasing an additional 1,724,014 shares during the last quarter. Finally, PDT Partners LLC acquired a new stake in Talos Energy during the 3rd quarter valued at $598,000. 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 analyst reports. Benchmark reaffirmed a "buy" rating and set a $20.00 price objective on shares of Talos Energy in a research note on Tuesday, November 12th. Mizuho cut their price objective on shares of Talos Energy from $16.00 to $14.00 and set an "outperform" rating for the company in a research report on Monday. JPMorgan Chase & Co. began coverage on Talos Energy in a research note on Thursday, December 5th. They set a "neutral" rating and a $12.00 price target on the stock. BMO Capital Markets lowered their price objective on 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. Finally, Citigroup raised their price target on Talos Energy from $12.50 to $14.50 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.28.

Insider Activity

In other news, insider Control Empresarial De Capital bought 250,000 shares of the firm's stock in a transaction dated Wednesday, September 25th. The stock was bought at an average price of $10.52 per share, for a total transaction of $2,630,000.00. Following the transaction, the insider now owns 43,108,904 shares in the company, valued at $453,505,670.08. The trade was a 0.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.77% of the company's stock.

Talos Energy Trading Down 1.4 %

TALO traded down $0.14 during trading on Monday, hitting $9.82. 2,618,665 shares of the company's stock were exchanged, compared to its average volume of 2,078,155. Talos Energy Inc. has a 1 year low of $9.44 and a 1 year high of $14.77. The stock has a 50 day moving average price of $10.75 and a 200 day moving average price of $11.12. The firm has a market cap of $1.77 billion, a P/E ratio of 18.31 and a beta of 1.92. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.07). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The company had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company's revenue for the quarter was up 32.9% compared to the same quarter last year. As a group, analysts expect that Talos Energy Inc. will post -0.35 EPS for the current fiscal 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.