Louisiana State Employees Retirement System Has $622,000 Position in Talos Energy Inc. (NYSE:TALO)

Louisiana State Employees Retirement System lowered its holdings in Talos Energy Inc. (NYSE:TALO) by 23.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,100 shares of the company’s stock after selling 18,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Talos Energy were worth $622,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Signaturefd LLC lifted its stake in shares of Talos Energy by 51.9% during the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after acquiring an additional 917 shares during the period. Everence Capital Management Inc. increased its holdings in Talos Energy by 8.6% in the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock valued at $228,000 after purchasing an additional 1,740 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Talos Energy by 13.8% in the second quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock valued at $185,000 after purchasing an additional 1,838 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Talos Energy by 91.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after purchasing an additional 2,235 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Talos Energy by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,848 shares of the company’s stock valued at $411,000 after purchasing an additional 2,314 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Insider Transactions at Talos Energy

In other news, insider Control Empresarial De Capital acquired 323,000 shares of Talos Energy stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $10.84 per share, with a total value of $3,501,320.00. Following the completion of the transaction, the insider now directly owns 42,858,904 shares of the company’s stock, valued at approximately $464,590,519.36. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought 1,220,000 shares of company stock valued at $13,135,560 over the last three months. Company insiders own 0.77% of the company’s stock.

Talos Energy Stock Up 4.2 %

Shares of Talos Energy stock opened at $10.90 on Wednesday. Talos Energy Inc. has a 1 year low of $9.44 and a 1 year high of $15.48. The business has a 50-day moving average of $10.74 and a two-hundred day moving average of $11.44. The company has a market capitalization of $1.96 billion, a P/E ratio of 360.33 and a beta of 1.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share 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 analysts’ expectations of $516.61 million. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. Talos Energy’s revenue for the quarter was up 49.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. As a group, equities analysts predict that Talos Energy Inc. will post -0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. KeyCorp dropped their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Stephens reiterated an “overweight” rating and issued a $24.00 price objective on shares of Talos Energy in a report on Wednesday, July 10th. Mizuho assumed coverage on Talos Energy in a report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective for the company. Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Friday, September 27th. Finally, BMO Capital Markets dropped 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. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Talos Energy has an average rating of “Moderate Buy” and a consensus target price of $18.65.

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.