Talos Energy Inc. (NYSE:TALO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Talos Energy Inc. (NYSE:TALO) by 23.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 587,651 shares of the company’s stock after selling 182,674 shares during the period. Principal Financial Group Inc. owned about 0.33% of Talos Energy worth $6,082,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. raised its holdings in Talos Energy by 1,557.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after acquiring an additional 1,724,014 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Talos Energy in the 2nd quarter valued at $18,832,000. HITE Hedge Asset Management LLC grew 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 valued at $30,939,000 after buying an additional 1,116,241 shares during the period. Bridgewater Associates LP acquired a new stake in shares of Talos Energy during the 3rd quarter worth $8,805,000. Finally, Philosophy Capital Management LLC raised its position in shares of Talos Energy by 37.8% in the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock worth $31,728,000 after buying an additional 841,414 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Performance

Shares of TALO stock opened at $9.71 on Thursday. The company’s fifty day moving average price is $10.51 and its two-hundred day moving average price is $10.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $1.75 billion, a P/E ratio of 17.98 and a beta of 1.92. Talos Energy Inc. has a 12 month low of $8.89 and a 12 month high of $14.77.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $504.44 million. During the same quarter last year, the firm posted $0.14 EPS. The company’s revenue was up 32.9% compared to the same quarter last year. On average, research analysts anticipate that Talos Energy Inc. will post -0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Talos Energy in a research note on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target for the company. Mizuho dropped their target price 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, December 16th. BMO Capital Markets reduced their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Citigroup increased their price objective 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. Finally, Benchmark restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.28.

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.