Peregrine Capital Management LLC Reduces Position in Talos Energy Inc. (NYSE:TALO)

Peregrine Capital Management LLC cut its stake in shares of Talos Energy Inc. (NYSE:TALO) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 518,560 shares of the company’s stock after selling 18,805 shares during the quarter. Peregrine Capital Management LLC owned about 0.29% of Talos Energy worth $5,035,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Everence Capital Management Inc. grew its holdings in shares of Talos Energy by 8.6% during the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock valued at $228,000 after buying an additional 1,740 shares during the last quarter. US Bancorp DE boosted its holdings in Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after purchasing an additional 1,827 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Talos Energy by 2.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 111,892 shares of the company’s stock valued at $1,086,000 after purchasing an additional 2,192 shares during the last quarter. KBC Group NV boosted its holdings in Talos Energy by 46.1% in the fourth quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after purchasing an additional 2,515 shares during the last quarter. Finally, Virtus Investment Advisers Inc. purchased a new stake in Talos Energy in the third quarter valued at $31,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Stock Up 0.3 %

TALO opened at $9.39 on Thursday. Talos Energy Inc. has a twelve month low of $8.89 and a twelve month high of $14.67. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $9.84 and a 200 day moving average price of $10.59. The company has a market cap of $1.69 billion, a PE ratio of 17.38 and a beta of 1.89.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TALO shares. Stephens lowered their price target on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. JPMorgan Chase & Co. started coverage on shares of Talos Energy in a report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target on the stock. Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. Mizuho lowered their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Citigroup increased their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.83.

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.