Edgestream Partners L.P. Acquires Shares of 66,854 Talos Energy Inc. (NYSE:TALO)

Edgestream Partners L.P. bought a new position in Talos Energy Inc. (NYSE:TALO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 66,854 shares of the company’s stock, valued at approximately $812,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TALO. Signaturefd LLC grew its position in Talos Energy by 51.9% in the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after purchasing an additional 917 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Talos Energy by 44.3% in the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after acquiring an additional 1,731 shares in the last quarter. CIBC Asset Management Inc increased 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 valued at $185,000 after acquiring an additional 1,838 shares during the last quarter. Nisa Investment Advisors LLC lifted 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 worth $57,000 after acquiring an additional 2,235 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Talos Energy by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,848 shares of the company’s stock worth $411,000 after purchasing an additional 2,314 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TALO shares. Mizuho assumed coverage on Talos Energy in a research note on Thursday. They set an “outperform” rating and a $16.00 target price on the stock. Stephens reiterated an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group started coverage on Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective on the stock. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talos Energy currently has a consensus rating of “Buy” and a consensus target price of $19.83.

Insider Transactions at Talos Energy

In other news, insider Control Empresarial De Capital acquired 306,000 shares of Talos Energy stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average price of $11.50 per share, with a total value of $3,519,000.00. Following the completion of the purchase, the insider now owns 38,528,904 shares in the company, valued at $443,082,396. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 1,769,000 shares of company stock valued at $19,270,130. 0.77% of the stock is currently owned by corporate insiders.

Talos Energy Stock Down 0.4 %

Talos Energy stock opened at $11.46 on Friday. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 163.71 and a beta of 1.94. The firm has a 50 day simple moving average of $11.42 and a 200 day simple moving average of $12.13. Talos Energy Inc. has a 1-year low of $9.81 and a 1-year high of $17.09. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. During the same period in the previous year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 49.6% compared to the same quarter last year. On average, analysts predict that Talos Energy Inc. will post -0.14 earnings per share for the current year.

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.