Weiss Asset Management LP lifted its stake in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 103.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,489 shares of the company's stock after acquiring an additional 133,714 shares during the quarter. Weiss Asset Management LP owned 0.15% of Talos Energy worth $2,727,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of TALO. Stifel Financial Corp increased its position in shares of Talos Energy by 40.6% in the third quarter. Stifel Financial Corp now owns 107,438 shares of the company's stock worth $1,112,000 after acquiring an additional 31,010 shares in the last quarter. Systematic Financial Management LP acquired a new position in Talos Energy in the 3rd quarter worth approximately $865,000. Quadrature Capital Ltd purchased a new position in Talos Energy during the 3rd quarter worth approximately $329,000. Philosophy Capital Management LLC raised its stake in Talos Energy by 37.8% during the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company's stock valued at $31,728,000 after purchasing an additional 841,414 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Talos Energy in the third quarter valued at $75,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.
Talos Energy Stock Down 3.5 %
TALO stock traded down $0.36 during trading hours on Friday, hitting $9.88. The company's stock had a trading volume of 1,628,845 shares, compared to its average volume of 1,518,118. The stock has a 50 day moving average price of $10.82 and a two-hundred day moving average price of $11.17. Talos Energy Inc. has a 12 month low of $9.44 and a 12 month high of $14.77. The company has a market capitalization of $1.78 billion, a PE ratio of 18.30 and a beta of 1.92. The company has a quick ratio of 0.97, a current 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) earnings per share (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 business had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company's revenue for the quarter was up 32.9% on a year-over-year basis. On average, equities research analysts expect that Talos Energy Inc. will post -0.35 earnings per share for the current year.
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 acquired at an average cost of $10.31 per share, with a total value of $1,031,000.00. Following the acquisition, the insider now owns 43,545,604 shares in the company, valued at approximately $448,955,177.24. This represents a 0.23 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is currently owned by insiders.
Analysts Set New Price Targets
TALO has been the topic of a number of research analyst reports. KeyCorp lowered their price target on Talos Energy from $21.00 to $16.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. Benchmark restated a "buy" rating and set a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. JPMorgan Chase & Co. started coverage on Talos Energy in a report on Thursday. They issued a "neutral" rating and a $12.00 target price on the stock. BMO Capital Markets decreased their price target on shares of Talos Energy from $14.00 to $13.00 and set a "market perform" rating for the company in a report on Friday, October 4th. Finally, Citigroup increased their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.50.
Read Our Latest Analysis on Talos Energy
Talos Energy Profile
(
Free Report)
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.
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