Arizona State Retirement System Increases Stock Position in Talos Energy Inc. (NYSE:TALO)

Arizona State Retirement System lifted its stake in shares of Talos Energy Inc. (NYSE:TALOFree Report) by 12.6% during the third quarter, Holdings Channel.com reports. The firm owned 35,749 shares of the company’s stock after acquiring an additional 4,009 shares during the period. Arizona State Retirement System’s holdings in Talos Energy were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in shares of Talos Energy by 37.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,756 shares of the company’s stock valued at $29,000 after purchasing an additional 480 shares during the last quarter. US Bancorp DE lifted its stake in shares of Talos Energy by 39.2% in the first quarter. US Bancorp DE now owns 2,811 shares of the company’s stock worth $44,000 after buying an additional 791 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Talos Energy by 382.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 3,723 shares of the company’s stock valued at $52,000 after buying an additional 2,951 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Talos Energy by 85.6% in the first quarter. Captrust Financial Advisors now owns 3,360 shares of the company’s stock valued at $53,000 after purchasing an additional 1,550 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY increased its position in Talos Energy by 71.0% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 6,115 shares of the company’s stock worth $85,000 after buying an additional 2,538 shares during the period. Institutional investors own 97.11% of the company’s stock.

Talos Energy Trading Up 1.0 %

NYSE TALO opened at $12.33 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.65 and a quick ratio of 0.65. The stock’s 50-day moving average is $13.38 and its 200-day moving average is $14.99. Talos Energy Inc. has a one year low of $10.69 and a one year high of $19.51. The firm has a market cap of $1.53 billion, a P/E ratio of 12.84 and a beta of 2.05.

Talos Energy (NYSE:TALOGet Free Report) last released its quarterly earnings results on Monday, November 6th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Talos Energy had a return on equity of 1.79% and a net margin of 7.36%. The firm had revenue of $383.14 million during the quarter, compared to the consensus estimate of $377.40 million. Sell-side analysts anticipate that Talos Energy Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital bought 140,251 shares of Talos Energy stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $14.20 per share, with a total value of $1,991,564.20. Following the acquisition, the insider now owns 15,089,662 shares in the company, valued at approximately $214,273,200.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TALO. Benchmark reduced their price objective on shares of Talos Energy from $23.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, January 17th. Stifel Nicolaus dropped their target price on Talos Energy from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, November 20th. KeyCorp lowered their price objective on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, January 11th. Canaccord Genuity Group assumed coverage on shares of Talos Energy in a research note on Tuesday, November 21st. They issued a “buy” rating and a $24.00 target price on the stock. Finally, Canaccord Genuity Group began coverage on shares of Talos Energy in a report on Tuesday, November 21st. They issued a “buy” rating and a $24.00 price objective on the stock. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Talos Energy has a consensus rating of “Buy” and an average target price of $21.14.

View Our Latest Stock Analysis on TALO

About Talos Energy

(Free Report)

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 activities. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.

Further Reading

Want to see what other hedge funds are holding TALO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Talos Energy Inc. (NYSE:TALOFree Report).

Institutional Ownership by Quarter for Talos Energy (NYSE:TALO)

Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.