BNP Paribas Financial Markets Acquires 36,356 Shares of Talos Energy Inc. (NYSE:TALO)

BNP Paribas Financial Markets increased its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 260.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,316 shares of the company’s stock after purchasing an additional 36,356 shares during the quarter. BNP Paribas Financial Markets’ holdings in Talos Energy were worth $521,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TALO. Thompson Siegel & Walmsley LLC boosted its stake in shares of Talos Energy by 37.5% during 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 during the last quarter. Encompass Capital Advisors LLC bought a new stake in Talos Energy during the second quarter worth about $18,832,000. HITE Hedge Asset Management LLC boosted its position in Talos Energy by 78.0% during the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after purchasing an additional 1,116,241 shares during the last quarter. Victory Capital Management Inc. grew its stake in Talos Energy by 1,557.7% in the second quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after purchasing an additional 1,724,014 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Talos Energy during the 2nd quarter worth approximately $608,000. Institutional investors own 89.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TALO. BMO Capital Markets cut 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. JPMorgan Chase & Co. assumed coverage on shares of Talos Energy in a research note on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target for the company. Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. Mizuho started coverage on shares of Talos Energy in a report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Citigroup boosted their price target on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.50.

Talos Energy Price Performance

Talos Energy stock opened at $9.96 on Friday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 18.44 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 Inc. has a 12 month low of $9.44 and a 12 month high of $14.77. The stock’s 50 day moving average is $10.75 and its 200-day moving average is $11.12.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share 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 the consensus estimate of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. Equities research analysts expect that Talos Energy Inc. will post -0.35 EPS for the current year.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital acquired 100,000 shares of the 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 purchase, the insider now directly owns 43,545,604 shares in the company, valued at approximately $448,955,177.24. The trade was a 0.23 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

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.