Amalgamated Bank Sells 9,752 Shares of Talos Energy Inc. (NYSE:TALO)

Amalgamated Bank trimmed its holdings in Talos Energy Inc. (NYSE:TALO) by 20.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 37,411 shares of the company’s stock after selling 9,752 shares during the quarter. Amalgamated Bank’s holdings in Talos Energy were worth $387,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. US Bancorp DE raised its position in Talos Energy by 113.3% in the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after purchasing an additional 1,827 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Talos Energy by 76.6% during the third quarter. Assenagon Asset Management S.A. now owns 109,700 shares of the company’s stock valued at $1,135,000 after buying an additional 47,595 shares during the last quarter. Everence Capital Management Inc. increased its holdings in shares of Talos Energy by 8.6% in the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock worth $228,000 after buying an additional 1,740 shares during the period. Regent Peak Wealth Advisors LLC bought a new stake in shares of Talos Energy in the 3rd quarter valued at about $118,000. Finally, Creative Planning lifted its stake in shares of Talos Energy by 132.3% in the 3rd quarter. Creative Planning now owns 67,563 shares of the company’s stock valued at $699,000 after acquiring an additional 38,480 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Price Performance

TALO stock opened at $11.28 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.80. Talos Energy Inc. has a 1 year low of $9.44 and a 1 year high of $14.80. The firm has a 50-day moving average of $10.79 and a 200 day moving average of $11.32. The company has a market cap of $2.03 billion, a P/E ratio of 20.89 and a beta of 1.92.

Talos Energy (NYSE:TALO) last announced its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (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 firm had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue was up 32.9% on a year-over-year basis. On average, sell-side analysts forecast that Talos Energy Inc. will post -0.2 EPS for the current year.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital acquired 323,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $10.84 per share, for a total transaction of $3,501,320.00. Following the completion of the acquisition, the insider now owns 42,858,904 shares in the company, valued at $464,590,519.36. This trade represents a 0.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders bought 1,220,000 shares of company stock worth $13,135,560. 0.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TALO shares. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. KeyCorp decreased their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. BMO Capital Markets lowered their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Citigroup raised their price target on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday. Finally, 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 objective for the company. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Talos Energy presently has a consensus rating of “Moderate Buy” and an average target price of $18.45.

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.