Talos Energy Inc. (NYSE:TALO) Shares Acquired by Congress Asset Management Co. MA

Congress Asset Management Co. MA grew its position in Talos Energy Inc. (NYSE:TALO) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 375,382 shares of the company’s stock after purchasing an additional 3,800 shares during the quarter. Congress Asset Management Co. MA owned approximately 0.24% of Talos Energy worth $5,229,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TALO. Quadrant Capital Group LLC raised its stake in Talos Energy by 44.3% during the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after acquiring an additional 1,731 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Talos Energy by 13.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock worth $127,000 after purchasing an additional 903 shares during the last quarter. Laurion Capital Management LP purchased a new position in Talos Energy during the 3rd quarter worth $268,000. Teza Capital Management LLC purchased a new position in Talos Energy during the 3rd quarter worth $274,000. Finally, Seven Eight Capital LP purchased a new position in Talos Energy during the 3rd quarter worth $306,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Price Performance

TALO traded down $0.03 during midday trading on Friday, reaching $11.22. 7,396,547 shares of the company’s stock were exchanged, compared to its average volume of 1,873,957. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $2.06 billion, a PE ratio of 160.29 and a beta of 1.92. The business’s 50-day moving average price is $12.12 and its 200 day moving average price is $12.92. Talos Energy Inc. has a 1-year low of $10.10 and a 1-year high of $17.59.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.13. The business had revenue of $429.93 million during the quarter, compared to analyst estimates of $404.00 million. Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. As a group, equities analysts anticipate that Talos Energy Inc. will post -0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TALO. KeyCorp raised their price objective on shares of Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. TheStreet downgraded shares of Talos Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Friday. Stephens lowered their target price on shares of Talos Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, May 7th. Finally, Stifel Nicolaus lifted their target price on shares of Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $20.94.

Insider Activity

In related news, insider Control Empresarial De Capital purchased 200,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were bought at an average price of $11.48 per share, with a total value of $2,296,000.00. Following the completion of the purchase, the insider now directly owns 36,272,904 shares in the company, valued at approximately $416,412,937.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.77% of the company’s stock.

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.