Talos Energy Inc. $TALO Stock Position Lifted by Empowered Funds LLC

Empowered Funds LLC lifted its stake in shares of Talos Energy Inc. (NYSE:TALO) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,213,097 shares of the company’s stock after purchasing an additional 17,035 shares during the quarter. Empowered Funds LLC owned about 0.69% of Talos Energy worth $10,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TALO. Signaturefd LLC lifted its stake in shares of Talos Energy by 571.3% in the 1st quarter. Signaturefd LLC now owns 5,612 shares of the company’s stock worth $55,000 after acquiring an additional 4,776 shares during the period. GAMMA Investing LLC lifted its position in Talos Energy by 201.5% in the second quarter. GAMMA Investing LLC now owns 9,631 shares of the company’s stock worth $82,000 after purchasing an additional 6,437 shares during the period. Aristeia Capital L.L.C. bought a new position in Talos Energy during the 1st quarter valued at $275,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of Talos Energy during the 1st quarter valued at $328,000. Finally, Invesco Ltd. increased its position in shares of Talos Energy by 23.3% during the 1st quarter. Invesco Ltd. now owns 1,382,337 shares of the company’s stock valued at $13,436,000 after purchasing an additional 260,781 shares during the period. Institutional investors own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wall Street Zen raised Talos Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Mizuho restated a “neutral” rating and set a $11.00 price objective on shares of Talos Energy in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a report on Monday. Four equities research 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’s stock. According to MarketBeat, Talos Energy has a consensus rating of “Hold” and an average price target of $13.50.

Talos Energy Trading Up 2.7%

Shares of TALO opened at $10.69 on Wednesday. The business’s 50-day moving average price is $9.76 and its 200 day moving average price is $9.01. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.82 billion, a P/E ratio of -11.02 and a beta of 0.75. Talos Energy Inc. has a 1-year low of $6.23 and a 1-year high of $11.76.

Talos Energy (NYSE:TALO) last announced its earnings results on Wednesday, November 5th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.23. The company had revenue of $450.05 million during 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 business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period last year, the company posted ($0.14) earnings per share. Analysts expect that Talos Energy Inc. will post -0.44 earnings per share for the current year.

Insiders Place Their Bets

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of Talos Energy stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.36% 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.