Talos Energy Inc. (NYSE:TALO) Shares Sold by State Street Corp

State Street Corp cut its position in Talos Energy Inc. (NYSE:TALO) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,696,786 shares of the company’s stock after selling 421,804 shares during the quarter. State Street Corp owned 4.28% of Talos Energy worth $79,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Talos Energy in the second quarter valued at about $400,000. Nisa Investment Advisors LLC boosted 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 valued at $57,000 after buying an additional 2,235 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Talos Energy by 17.8% during the second quarter. Louisiana State Employees Retirement System now owns 78,700 shares of the company’s stock worth $956,000 after buying an additional 11,900 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Talos Energy by 15.3% in the second quarter. Bank of New York Mellon Corp now owns 1,149,724 shares of the company’s stock worth $13,969,000 after buying an additional 152,568 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in Talos Energy in the second quarter valued at $213,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital purchased 250,000 shares of Talos Energy stock in a transaction on Wednesday, September 25th. The stock was bought at an average price of $10.52 per share, for a total transaction of $2,630,000.00. Following the transaction, the insider now owns 43,108,904 shares of the company’s stock, valued at $453,505,670.08. The trade was a 0.58 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.77% of the stock is owned by insiders.

Talos Energy Trading Down 0.2 %

NYSE:TALO opened at $9.80 on Wednesday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 18.15 and a beta of 1.92. The business has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $11.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. Talos Energy Inc. has a 12-month low of $9.44 and a 12-month high of $14.77.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The firm had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm’s revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. Equities research analysts predict that Talos Energy Inc. will post -0.35 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TALO shares. JPMorgan Chase & Co. began coverage on shares of Talos Energy in a research report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 target price for the company. Mizuho lowered their price objective on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday. KeyCorp reduced their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Citigroup boosted their price target on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, BMO Capital Markets reduced their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.28.

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.