BNP PARIBAS ASSET MANAGEMENT Holding S.A. Grows Stock Position in Talos Energy Inc. (NYSE:TALO)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Talos Energy Inc. (NYSE:TALO) by 39.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,569,652 shares of the company’s stock after purchasing an additional 442,620 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.87% of Talos Energy worth $16,245,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in TALO. Signaturefd LLC grew its holdings in shares of Talos Energy by 51.9% during the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after buying an additional 917 shares in the last quarter. US Bancorp DE boosted its position in Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after acquiring an additional 1,827 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Talos Energy by 91.1% during the 2nd 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 in the last quarter. Regent Peak Wealth Advisors LLC acquired a new stake in Talos Energy in the 3rd quarter valued at about $118,000. Finally, CIBC Asset Management Inc lifted its stake in Talos Energy by 13.8% in the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock worth $185,000 after purchasing an additional 1,838 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Trading Down 1.0 %

NYSE TALO opened at $11.45 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $2.06 billion, a P/E ratio of 21.20 and a beta of 1.92. The firm’s 50-day moving average is $10.84 and its two-hundred day moving average is $11.28. Talos Energy Inc. has a 12 month low of $9.44 and a 12 month high of $14.77.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The company had revenue of $509.29 million during the quarter, compared to analysts’ expectations of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. Talos Energy’s revenue was up 32.9% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. On average, sell-side analysts anticipate that Talos Energy Inc. will post -0.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital bought 100,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was bought at an average cost of $10.31 per share, with a total value of $1,031,000.00. Following the transaction, the insider now directly owns 43,545,604 shares in the company, valued at $448,955,177.24. The trade was a 0.23 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 1,220,000 shares of company stock worth $13,135,560 over the last ninety days. Corporate insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

TALO has been the subject of a number of analyst reports. KeyCorp dropped their price target on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Citigroup upped their target price on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. Mizuho began coverage on shares of Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, BMO Capital Markets cut their price objective on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Talos Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.06.

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.