Assenagon Asset Management S.A. Acquires 47,595 Shares of Talos Energy Inc. (NYSE:TALO)

Assenagon Asset Management S.A. lifted its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 76.6% during the 3rd quarter, Holdings Channel reports. The firm owned 109,700 shares of the company’s stock after purchasing an additional 47,595 shares during the period. Assenagon Asset Management S.A.’s holdings in Talos Energy were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Signaturefd LLC increased its stake in Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after acquiring an additional 917 shares during the last quarter. Headlands Technologies LLC bought a new position in Talos Energy in the first quarter valued at approximately $50,000. Nisa Investment Advisors LLC increased 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 acquiring an additional 2,235 shares during the last quarter. Sandia Investment Management LP bought a new position in Talos Energy in the first quarter valued at approximately $70,000. Finally, Regent Peak Wealth Advisors LLC bought a new position in Talos Energy in the third quarter valued at approximately $118,000. 89.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Mizuho assumed coverage on shares of Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective on the stock. Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Friday, September 27th. The Goldman Sachs Group started coverage on shares of Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective on the stock. BMO Capital Markets decreased their target price on shares of 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. Finally, Stephens reaffirmed an “overweight” rating and set a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.65.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $10.08 on Friday. The firm has a market cap of $1.82 billion, a PE ratio of 336.00 and a beta of 1.92. The firm’s fifty day moving average is $10.77 and its 200-day moving average is $11.49. 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 52 week low of $9.44 and a 52 week high of $15.92.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, topping 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 net margin of 0.93% and a negative return on equity of 0.21%. Talos Energy’s revenue was up 49.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. Sell-side analysts predict that Talos Energy Inc. will post -0.2 earnings per share for the current year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 343,000 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $9.99 per share, for a total transaction of $3,426,570.00. Following the completion of the acquisition, the insider now owns 39,488,904 shares in the company, valued at approximately $394,494,150.96. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have acquired 1,563,000 shares of company stock worth $16,562,130. Company insiders own 0.77% of the company’s stock.

Talos Energy 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.