Monaco Asset Management SAM Invests $721,000 in Talos Energy Inc. $TALO

Monaco Asset Management SAM purchased a new stake in shares of Talos Energy Inc. (NYSE:TALO) in the 2nd quarter, Holdings Channel reports. The fund purchased 85,000 shares of the company’s stock, valued at approximately $721,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TALO. GAMMA Investing LLC increased its holdings in Talos Energy by 360.9% during the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock worth $31,000 after purchasing an additional 2,501 shares during the period. CWM LLC grew its position in shares of Talos Energy by 186.3% during the 2nd quarter. CWM LLC now owns 6,027 shares of the company’s stock worth $51,000 after buying an additional 3,922 shares in the last quarter. Signaturefd LLC increased its stake in shares of Talos Energy by 571.3% during the first quarter. Signaturefd LLC now owns 5,612 shares of the company’s stock valued at $55,000 after buying an additional 4,776 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Talos Energy during the first quarter valued at $65,000. Finally, Prudent Man Advisors LLC bought a new stake in shares of Talos Energy in the second quarter valued at about $115,000. Institutional investors own 89.35% of the company’s stock.

Insiders Place Their Bets

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of Talos Energy stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total value of $59,680.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.36% of the stock is currently owned by company insiders.

Talos Energy Stock Performance

Shares of Talos Energy stock opened at $10.37 on Friday. The company has a market capitalization of $1.81 billion, a PE ratio of -10.69 and a beta of 0.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22. The company has a 50-day simple moving average of $9.64 and a two-hundred day simple moving average of $8.84. Talos Energy Inc. has a one year low of $6.23 and a one year high of $12.71.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.23. The business had revenue of $450.05 million for the quarter, compared to analysts’ expectations of $421.73 million. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business earned ($0.14) EPS. Research analysts expect that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on TALO shares. Wall Street Zen cut shares of Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Talos Energy in a research report on Wednesday. Finally, Mizuho reissued a “neutral” rating and set a $11.00 price objective on shares of Talos Energy in a report on Monday, September 15th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Talos Energy presently has a consensus rating of “Moderate Buy” and an average price target of $14.43.

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.