Creative Planning Has $699,000 Position in Talos Energy Inc. (NYSE:TALO)

Creative Planning boosted its stake in shares of Talos Energy Inc. (NYSE:TALO) by 132.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,563 shares of the company’s stock after buying an additional 38,480 shares during the quarter. Creative Planning’s holdings in Talos Energy were worth $699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Talos Energy by 23.7% in the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after purchasing an additional 1,873,537 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Talos Energy by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock valued at $79,545,000 after purchasing an additional 179,181 shares during the period. Invesco Senior Secured Management Inc. ADV acquired a new position in Talos Energy during the 1st quarter worth approximately $77,977,000. American Century Companies Inc. raised its stake in Talos Energy by 26.2% during the 2nd quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock worth $36,236,000 after buying an additional 619,169 shares during the period. Finally, HITE Hedge Asset Management LLC raised its stake in 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 buying an additional 1,116,241 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Stock Performance

TALO stock opened at $10.08 on Monday. The firm has a market cap of $1.82 billion, a PE ratio of 336.00 and a beta of 1.92. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average of $10.77 and a 200-day moving average of $11.47. Talos Energy Inc. has a 12-month low of $9.44 and a 12-month high of $15.92.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The business had revenue of $549.17 million during the quarter, compared to analyst estimates of $516.61 million. During the same period in the prior year, the company earned $0.06 earnings per share. Talos Energy’s revenue was up 49.6% compared to the same quarter last year. As a group, sell-side analysts expect that Talos Energy Inc. will post -0.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital bought 100,000 shares of the company’s stock in a transaction on Friday, September 27th. The shares were purchased at an average price of $10.31 per share, for a total transaction of $1,031,000.00. Following the completion of the transaction, the insider now directly owns 43,545,604 shares in the company, valued at approximately $448,955,177.24. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased a total of 1,220,000 shares of company stock worth $13,135,560 over the last 90 days. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TALO shares. Mizuho started 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. Benchmark reaffirmed a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research note on Friday, September 27th. The Goldman Sachs Group assumed coverage on Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 price target on the stock. Stephens reissued an “overweight” rating and set a $24.00 price objective on shares of Talos Energy in a report on Wednesday, July 10th. Finally, BMO Capital Markets decreased their price objective 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Talos Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.65.

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.