Everence Capital Management Inc. Acquires 1,740 Shares of Talos Energy Inc. (NYSE:TALO)

Everence Capital Management Inc. increased its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 8.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,050 shares of the company’s stock after buying an additional 1,740 shares during the period. Everence Capital Management Inc.’s holdings in Talos Energy were worth $228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Talos Energy by 23.7% during the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after buying an additional 1,873,537 shares during the last quarter. Dimensional Fund Advisors LP increased 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 purchasing an additional 179,181 shares in the last quarter. Invesco Senior Secured Management Inc. ADV bought a new stake in Talos Energy in the first quarter valued at approximately $77,977,000. American Century Companies Inc. increased its stake in Talos Energy by 26.2% in the second quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock valued at $36,236,000 after purchasing an additional 619,169 shares in the last quarter. Finally, HITE Hedge Asset Management LLC increased its stake in Talos Energy by 78.0% in the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after purchasing an additional 1,116,241 shares in the last quarter. 89.35% of the stock is owned by institutional investors.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital bought 306,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $11.50 per share, with a total value of $3,519,000.00. Following the completion of the transaction, the insider now owns 38,528,904 shares in the company, valued at approximately $443,082,396. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders acquired 2,119,000 shares of company stock valued at $22,931,130. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

TALO has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 target price for the company. Mizuho initiated coverage on shares of Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. Stephens reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Friday, September 27th. Finally, BMO Capital Markets lowered their target price on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.65.

Talos Energy Stock Up 1.6 %

Talos Energy stock opened at $9.73 on Wednesday. Talos Energy Inc. has a twelve month low of $9.52 and a twelve month high of $16.19. The company has a 50 day moving average of $11.01 and a 200-day moving average of $11.67. The stock has a market capitalization of $1.75 billion, a PE ratio of 324.33 and a beta of 1.93. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53.

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