Intech Investment Management LLC Acquires Shares of 41,411 Talos Energy Inc. (NYSE:TALO)

Intech Investment Management LLC bought a new position in shares of Talos Energy Inc. (NYSE:TALO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 41,411 shares of the company’s stock, valued at approximately $429,000.

Several other large investors have also made changes to their positions in TALO. Signaturefd LLC increased its holdings in Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after purchasing an additional 917 shares during the last quarter. US Bancorp DE boosted its stake in Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after acquiring an additional 1,827 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Talos Energy by 91.1% during the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after purchasing an additional 2,235 shares during the period. Regent Peak Wealth Advisors LLC acquired a new stake in Talos Energy in the third quarter worth $118,000. Finally, CIBC Asset Management Inc boosted its position in shares of Talos Energy by 13.8% during the second quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock worth $185,000 after purchasing an additional 1,838 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital purchased 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average cost of $10.52 per share, for a total transaction of $2,630,000.00. Following the completion of the purchase, the insider now owns 43,108,904 shares of the company’s stock, valued at approximately $453,505,670.08. The trade was a 0.58 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 673,000 shares of company stock valued at $7,162,320 over the last ninety days. 0.77% of the stock is currently owned by company insiders.

Talos Energy Price Performance

NYSE:TALO opened at $11.17 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $10.82 and a 200 day simple moving average of $11.22. Talos Energy Inc. has a 1-year low of $9.44 and a 1-year high of $14.77. The stock has a market capitalization of $2.01 billion, a PE ratio of 20.69 and a beta of 1.92.

Talos Energy (NYSE:TALO) last issued its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. During the same quarter last year, the business 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, research analysts expect that Talos Energy Inc. will post -0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Benchmark reiterated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a report on Tuesday, November 12th. KeyCorp lowered their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Citigroup upped their price target on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Mizuho started coverage on shares of Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, BMO Capital Markets lowered their target price 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 equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.06.

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.