MQS Management LLC Decreases Stock Holdings in Talos Energy Inc. (NYSE:TALO)

MQS Management LLC lessened its holdings in Talos Energy Inc. (NYSE:TALO) by 10.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,577 shares of the company’s stock after selling 1,723 shares during the period. MQS Management LLC’s holdings in Talos Energy were worth $189,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Invesco Senior Secured Management Inc. ADV purchased a new position in shares of Talos Energy in the 1st quarter worth $77,977,000. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 1,873,537 shares during the last quarter. Victory Capital Management Inc. grew its position 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 worth $22,292,000 after acquiring an additional 1,724,014 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Talos Energy in the second quarter worth about $13,693,000. Finally, Loews Corp purchased a new position in Talos Energy in the second quarter worth about $8,505,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital acquired 306,000 shares of Talos Energy stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $11.50 per share, for a total transaction of $3,519,000.00. Following the acquisition, the insider now directly owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders bought 1,769,000 shares of company stock worth $19,270,130. Company insiders own 0.77% of the company’s stock.

Talos Energy Stock Down 0.4 %

Shares of TALO opened at $11.46 on Friday. The firm has a fifty day moving average price of $11.42 and a 200-day moving average price of $12.13. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.06 billion, a P/E ratio of 163.71 and a beta of 1.94. Talos Energy Inc. has a 12-month low of $9.81 and a 12-month high of $17.09.

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 the consensus estimate of ($0.13) by $0.16. The company had revenue of $549.17 million during the quarter, compared to analysts’ expectations of $516.61 million. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The firm’s quarterly revenue was up 49.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 EPS. Equities research analysts expect that Talos Energy Inc. will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TALO shares. 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 for the company. Stephens restated an “overweight” rating and issued a $24.00 price target on shares of Talos Energy in a research report on Wednesday, July 10th. Mizuho began coverage on shares of Talos Energy in a research report on Thursday. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, Benchmark reissued a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Thursday, August 8th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $19.83.

About Talos Energy

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.