Talos Energy Inc. (NYSE:TALO) Stake Cut by CIBC Asset Management Inc

CIBC Asset Management Inc decreased its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,903 shares of the company’s stock after selling 2,292 shares during the period. CIBC Asset Management Inc’s holdings in Talos Energy were worth $134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Signaturefd LLC grew its position in shares of Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after buying an additional 917 shares during the last quarter. US Bancorp DE boosted its stake in Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after acquiring an additional 1,827 shares during the period. Nisa Investment Advisors LLC grew its holdings 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 valued at $57,000 after purchasing an additional 2,235 shares during the last quarter. Regent Peak Wealth Advisors LLC acquired a new stake in shares of Talos Energy during the 3rd quarter worth approximately $118,000. Finally, L & S Advisors Inc bought a new stake in shares of Talos Energy in the 2nd quarter worth approximately $185,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TALO shares. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Tuesday, November 12th. 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 research report on Friday, October 4th. Citigroup lifted their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Mizuho started coverage on shares of Talos Energy in a research report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. Finally, KeyCorp dropped their price target 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Talos Energy has an average rating of “Moderate Buy” and a consensus price target of $17.06.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital bought 547,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $10.92 per share, with a total value of $5,973,240.00. Following the completion of the purchase, the insider now directly owns 40,685,904 shares in the company, valued at approximately $444,290,071.68. This trade represents a 1.36 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last ninety days, insiders have bought 1,220,000 shares of company stock worth $13,135,560. 0.77% of the stock is owned by company insiders.

Talos Energy Stock Down 1.0 %

Talos Energy stock opened at $11.45 on Friday. The company’s 50-day moving average price is $10.84 and its two-hundred day moving average price is $11.28. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 21.20 and a beta of 1.92. Talos Energy Inc. has a 52 week low of $9.44 and a 52 week high of $14.77. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The company had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. Talos Energy’s revenue was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. On average, analysts expect that Talos Energy Inc. will post -0.35 EPS for the current fiscal year.

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.