MQS Management LLC Sells 1,723 Shares of Talos Energy Inc. (NYSE:TALO)

MQS Management LLC trimmed its stake in Talos Energy Inc. (NYSE:TALO) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 have also recently made changes to their positions in the stock. Signaturefd LLC grew its stake 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 last quarter. Quadrant Capital Group LLC boosted its holdings in shares of 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 buying an additional 1,731 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Talos Energy by 13.8% in the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock worth $185,000 after buying an additional 1,838 shares during the last quarter. Nisa Investment Advisors LLC raised its stake 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 worth $57,000 after acquiring an additional 2,235 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Talos Energy by 7.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,848 shares of the company’s stock worth $411,000 after acquiring an additional 2,314 shares in the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Talos Energy Price Performance

Shares of NYSE TALO opened at $11.46 on Friday. Talos Energy Inc. has a 52 week low of $9.81 and a 52 week high of $17.09. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2.06 billion, a P/E ratio of 163.71 and a beta of 1.94. The business’s 50 day moving average price is $11.42 and its 200 day moving average price is $12.13.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, topping 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 firm had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 49.6% compared to the same quarter last year. On average, sell-side analysts expect that Talos Energy Inc. will post -0.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital acquired 306,000 shares of Talos Energy stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $11.50 per share, for a total transaction of $3,519,000.00. Following the purchase, the insider now owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have purchased 1,769,000 shares of company stock valued at $19,270,130. Company insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Stephens reaffirmed an “overweight” rating and issued a $24.00 price target on shares of Talos Energy in a 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 Thursday, August 8th. Mizuho started coverage on Talos Energy in a research note on Thursday. They set an “outperform” rating and a $16.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Talos Energy in a report on Monday, July 22nd. They set a “buy” rating and a $14.00 price objective on the stock. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $19.83.

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.