Talos Energy Inc. (NYSE:TALO) Shares Bought by Philosophy Capital Management LLC

Philosophy Capital Management LLC boosted its holdings in Talos Energy Inc. (NYSE:TALO) by 37.8% during the third quarter, HoldingsChannel.com reports. The fund owned 3,065,514 shares of the company’s stock after acquiring an additional 841,414 shares during the period. Talos Energy accounts for about 2.5% of Philosophy Capital Management LLC’s portfolio, making the stock its 7th biggest position. Philosophy Capital Management LLC’s holdings in Talos Energy were worth $31,728,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in Talos Energy by 1,557.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock worth $22,292,000 after purchasing an additional 1,724,014 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of Talos Energy in the 2nd quarter valued at $18,832,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Talos Energy in the second quarter worth about $13,693,000. HITE Hedge Asset Management LLC boosted its stake in Talos Energy by 78.0% in the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after acquiring an additional 1,116,241 shares during the last quarter. Finally, Bridgewater Associates LP acquired a new stake in Talos Energy in the third quarter worth $8,805,000. Institutional investors own 89.35% of the company’s stock.

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital purchased 250,000 shares of the stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average cost of $10.52 per share, for a total transaction of $2,630,000.00. Following the completion of the acquisition, the insider now directly owns 43,108,904 shares in the company, valued at $453,505,670.08. This represents a 0.58 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 673,000 shares of company stock worth $7,162,320 over the last 90 days. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TALO. Mizuho began coverage on shares of Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. KeyCorp reduced their price objective on shares of 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 raised their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, BMO Capital Markets cut their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.06.

Talos Energy Trading Down 1.4 %

Shares of NYSE:TALO opened at $11.01 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy Inc. has a 12-month low of $9.44 and a 12-month high of $14.77. The business has a 50 day moving average of $10.82 and a two-hundred day moving average of $11.20. The company has a market capitalization of $1.98 billion, a PE ratio of 20.39 and a beta of 1.92.

Talos Energy (NYSE:TALO) last posted its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. Talos Energy’s revenue was up 32.9% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. As a group, analysts forecast that Talos Energy Inc. will post -0.35 EPS for the current 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.