ProShare Advisors LLC Buys 15,575 Shares of Talos Energy Inc. (NYSE:TALO)

ProShare Advisors LLC grew its stake in shares of Talos Energy Inc. (NYSE:TALO) by 55.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 43,536 shares of the company’s stock after buying an additional 15,575 shares during the quarter. ProShare Advisors LLC’s holdings in Talos Energy were worth $529,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Talos Energy by 23.7% in the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after buying an additional 1,873,537 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Talos Energy by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock valued at $79,545,000 after acquiring an additional 179,181 shares during the period. Invesco Senior Secured Management Inc. ADV bought a new stake in shares of Talos Energy during the first quarter valued at approximately $77,977,000. American Century Companies Inc. raised its position in shares of Talos Energy by 26.2% during the second quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock worth $36,236,000 after purchasing an additional 619,169 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Talos Energy by 1,557.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock worth $22,292,000 after purchasing an additional 1,724,014 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Insider Activity

In related news, insider Control Empresarial De Capital purchased 250,000 shares of Talos Energy stock in a transaction that occurred on Tuesday, July 30th. The stock was bought at an average price of $11.40 per share, for a total transaction of $2,850,000.00. Following the completion of the transaction, the insider now owns 38,222,904 shares in the company, valued at $435,741,105.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 2,019,000 shares of company stock valued at $21,900,130 in the last ninety days. 0.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

TALO has been the subject of a number of recent research reports. Stephens restated an “overweight” rating and set a $24.00 price target on shares of Talos Energy in a research note on Wednesday, July 10th. The Goldman Sachs Group started coverage on shares of Talos Energy in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 target price for the company. 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 price target on the stock. Finally, Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research note on Friday. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $19.83.

Talos Energy Trading Up 1.6 %

NYSE:TALO opened at $10.35 on Tuesday. Talos Energy Inc. has a 52 week low of $9.81 and a 52 week high of $16.99. The firm has a 50-day moving average price of $11.28 and a two-hundred day moving average price of $12.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 147.86 and a beta of 1.94.

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. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The company had revenue of $549.17 million during the quarter, compared to the consensus estimate of $516.61 million. During the same period last year, the business posted $0.06 earnings per share. Talos Energy’s revenue was up 49.6% on a year-over-year basis. On average, equities analysts expect that Talos Energy Inc. will post -0.14 earnings per share 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.