Talos Energy Inc. (NYSE:TALO) Stake Boosted by Amalgamated Bank

Amalgamated Bank increased its position in shares of Talos Energy Inc. (NYSE:TALO) by 12.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,163 shares of the company’s stock after purchasing an additional 5,123 shares during the quarter. Amalgamated Bank’s holdings in Talos Energy were worth $573,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Talos Energy by 51.9% during the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after purchasing an additional 917 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Talos Energy by 13.8% in the second quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock valued at $185,000 after buying an additional 1,838 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Talos Energy by 91.1% in the second 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. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Talos Energy by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,848 shares of the company’s stock valued at $411,000 after buying an additional 2,314 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in Talos Energy by 23.4% in the first quarter. Ameritas Investment Partners Inc. now owns 13,717 shares of the company’s stock valued at $191,000 after buying an additional 2,600 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Friday. Mizuho assumed coverage on Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Stephens reiterated an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $19.83.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 306,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $11.50 per share, with a total value of $3,519,000.00. Following the completion of the acquisition, the insider now directly owns 38,528,904 shares in the company, valued at $443,082,396. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 2,019,000 shares of company stock valued at $21,900,130 over the last three months. Company insiders own 0.77% of the company’s stock.

Talos Energy Price Performance

Shares of TALO opened at $10.19 on Friday. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 145.57 and a beta of 1.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. Talos Energy Inc. has a one year low of $9.81 and a one year high of $17.09. The stock’s fifty day moving average is $11.31 and its 200-day moving average is $12.06.

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

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.