Virtus Investment Advisers Inc. Takes $31,000 Position in Talos Energy Inc. (NYSE:TALO)

Virtus Investment Advisers Inc. bought a new position in shares of Talos Energy Inc. (NYSE:TALO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,973 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TALO. Weiss Asset Management LP boosted its holdings in shares of Talos Energy by 103.0% during the third quarter. Weiss Asset Management LP now owns 263,489 shares of the company’s stock worth $2,727,000 after acquiring an additional 133,714 shares during the period. Stifel Financial Corp boosted its stake in Talos Energy by 40.6% in the 3rd quarter. Stifel Financial Corp now owns 107,438 shares of the company’s stock valued at $1,112,000 after purchasing an additional 31,010 shares during the period. Systematic Financial Management LP bought a new stake in Talos Energy in the 3rd quarter valued at $865,000. Quadrature Capital Ltd acquired a new position in Talos Energy in the 3rd quarter valued at $329,000. Finally, Philosophy Capital Management LLC increased its position in Talos Energy by 37.8% during the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock worth $31,728,000 after buying an additional 841,414 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital acquired 100,000 shares of Talos Energy stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of $10.31 per share, for a total transaction of $1,031,000.00. Following the transaction, the insider now directly owns 43,545,604 shares of the company’s stock, valued at approximately $448,955,177.24. The trade was a 0.23 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is currently owned by insiders.

Talos Energy Trading Down 3.5 %

Shares of TALO stock opened at $9.88 on Friday. Talos Energy Inc. has a fifty-two week low of $9.44 and a fifty-two week high of $14.77. The stock’s fifty day moving average price is $10.82 and its two-hundred day moving average price is $11.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $1.78 billion, a PE ratio of 18.30 and a beta of 1.92.

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

Analyst Upgrades and Downgrades

TALO has been the subject of a number of recent research reports. BMO Capital Markets reduced their target price 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. Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Mizuho started coverage on shares of Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 target price on the stock. KeyCorp cut their price target on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Citigroup raised their price objective on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Talos Energy currently has an average rating of “Moderate Buy” and a consensus price target of $16.50.

About Talos Energy

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.