Talos Energy Inc. $TALO Position Boosted by Empowered Funds LLC

Empowered Funds LLC grew its holdings in Talos Energy Inc. (NYSE:TALO) by 1.4% during the second quarter, Holdings Channel.com reports. The firm owned 1,213,097 shares of the company’s stock after buying an additional 17,035 shares during the period. Empowered Funds LLC’s holdings in Talos Energy were worth $10,287,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new position in Talos Energy during the first quarter valued at approximately $5,327,000. Philosophy Capital Management LLC grew its holdings in shares of Talos Energy by 11.5% during the 1st quarter. Philosophy Capital Management LLC now owns 4,251,212 shares of the company’s stock valued at $41,322,000 after acquiring an additional 437,788 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Talos Energy by 9.8% in the first quarter. American Century Companies Inc. now owns 4,861,119 shares of the company’s stock worth $47,250,000 after acquiring an additional 433,573 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Talos Energy during the first quarter worth $3,544,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Talos Energy by 16.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after acquiring an additional 304,205 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Paula R. Glover sold 6,159 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total transaction of $59,680.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research note on Monday. Wall Street Zen raised Talos Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Mizuho reaffirmed a “neutral” rating and set a $11.00 price objective on shares of Talos Energy in a research report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Talos Energy presently has an average rating of “Hold” and a consensus target price of $13.50.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $10.69 on Wednesday. The stock has a market capitalization of $1.82 billion, a P/E ratio of -11.02 and a beta of 0.75. The business has a 50-day moving average of $9.76 and a two-hundred day moving average of $9.01. Talos Energy Inc. has a fifty-two week low of $6.23 and a fifty-two week high of $11.76. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22.

Talos Energy (NYSE:TALO) last announced its earnings results on Wednesday, November 5th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.23. The firm had revenue of $450.05 million during the quarter, compared to analysts’ expectations of $421.73 million. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The company’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.14) earnings per share. On average, equities research analysts predict that Talos Energy Inc. will post -0.44 EPS for the current fiscal 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.