Squarepoint Ops LLC Invests $1.19 Million in Talos Energy Inc. (NYSE:TALO)

Squarepoint Ops LLC bought a new stake in shares of Talos Energy Inc. (NYSE:TALO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 97,647 shares of the company’s stock, valued at approximately $1,186,000. Squarepoint Ops LLC owned approximately 0.05% of Talos Energy at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TALO. Signaturefd LLC raised its position 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 period. Headlands Technologies LLC acquired a new stake in shares of Talos Energy in the first quarter valued at about $50,000. Nisa Investment Advisors LLC raised its holdings in shares of Talos Energy by 91.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after buying an additional 2,235 shares during the period. Sandia Investment Management LP acquired a new position in Talos Energy during the 1st quarter worth approximately $70,000. Finally, Norden Group LLC acquired a new position in Talos Energy during the 1st quarter worth approximately $147,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Friday. The Goldman Sachs Group initiated coverage on shares of Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 price target on the stock. Stephens reissued an “overweight” rating and issued a $24.00 price objective on shares of Talos Energy in a research report on Wednesday, July 10th. Benchmark restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research note on Friday, September 27th. Finally, Mizuho started coverage on Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.15.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital bought 306,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $11.50 per share, with a total value of $3,519,000.00. Following the completion of the acquisition, the insider now owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 2,119,000 shares of company stock valued at $22,931,130 over the last 90 days. 0.77% of the stock is owned by company insiders.

Talos Energy Stock Up 1.3 %

NYSE:TALO opened at $11.29 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 161.29 and a beta of 1.93. Talos Energy Inc. has a one year low of $9.81 and a one year high of $16.99. The stock has a 50-day simple moving average of $11.23 and a 200 day simple moving average of $11.98.

Talos Energy (NYSE:TALO) last issued its earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.16. The company had revenue of $549.17 million during the quarter, compared to analyst estimates of $516.61 million. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The business’s revenue was up 49.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. Sell-side analysts predict that Talos Energy Inc. will post -0.14 EPS for the current fiscal 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.