Talos Energy Inc. (NYSE:TALO) Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its position in shares of Talos Energy Inc. (NYSE:TALO) by 9.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,257 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Talos Energy were worth $708,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Signaturefd LLC boosted its holdings 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 buying an additional 917 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Talos Energy in the first quarter worth approximately $50,000. Nisa Investment Advisors LLC increased its position in shares of 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 purchasing an additional 2,235 shares in the last quarter. Sandia Investment Management LP acquired a new position in Talos Energy in the 1st quarter valued at $70,000. Finally, Quadrant Capital Group LLC lifted its holdings in Talos Energy by 44.3% in the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after purchasing an additional 1,731 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Down 3.9 %

Shares of NYSE:TALO opened at $11.47 on Tuesday. The business has a 50-day moving average price of $11.63 and a 200 day moving average price of $12.32. Talos Energy Inc. has a 12-month low of $9.81 and a 12-month high of $17.59. 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 company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 163.86 and a beta of 1.95.

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

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital purchased 343,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $9.99 per share, for a total transaction of $3,426,570.00. Following the completion of the purchase, the insider now directly owns 39,488,904 shares of the company’s stock, valued at $394,494,150.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders purchased 1,199,000 shares of company stock worth $13,035,570. Insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Stephens reiterated an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a research report on Wednesday, July 10th. 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. Finally, The Goldman Sachs Group initiated coverage on Talos Energy in a research report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target for the company. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Talos Energy has a consensus rating of “Buy” and a consensus target price of $20.31.

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.