Bridgewater Associates LP Purchases Shares of 850,745 Talos Energy Inc. (NYSE:TALO)

Bridgewater Associates LP purchased a new position in shares of Talos Energy Inc. (NYSE:TALO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 850,745 shares of the company’s stock, valued at approximately $8,805,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Talos Energy by 23.7% during the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after purchasing an additional 1,873,537 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of Talos Energy by 37.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company’s stock worth $10,696,000 after buying an additional 239,996 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of Talos Energy during the 2nd quarter worth approximately $18,832,000. HITE Hedge Asset Management LLC increased its stake in shares of Talos Energy by 78.0% in the 2nd 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 in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Talos Energy by 1,557.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after acquiring an additional 1,724,014 shares during the period. Institutional investors own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital acquired 100,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were acquired at an average price of $10.31 per share, with a total value of $1,031,000.00. Following the completion of the transaction, the insider now owns 43,545,604 shares in the company, valued at approximately $448,955,177.24. This trade represents a 0.23 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders bought 1,220,000 shares of company stock valued at $13,135,560. Corporate insiders own 0.77% of the company’s stock.

Talos Energy Stock Up 0.4 %

TALO stock opened at $11.20 on Friday. The stock’s 50 day moving average is $10.83 and its 200-day moving average is $11.24. Talos Energy Inc. has a twelve month low of $9.44 and a twelve month high of $14.77. The firm has a market capitalization of $2.02 billion, a PE ratio of 20.74 and a beta of 1.92. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data 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 firm had revenue of $509.29 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.14 earnings per share. Sell-side analysts expect that Talos Energy Inc. will post -0.35 EPS for the current fiscal year.

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.