MQS Management LLC Purchases Shares of 17,300 Talos Energy Inc. (NYSE:TALO)

MQS Management LLC purchased a new position in Talos Energy Inc. (NYSE:TALO) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 17,300 shares of the company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in Talos Energy during the first quarter worth about $50,000. Quadrant Capital Group LLC lifted its position in shares of Talos Energy by 44.3% in 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 during the period. Norden Group LLC acquired a new stake in shares of Talos Energy during the 1st quarter worth approximately $147,000. Ameritas Investment Partners Inc. grew its holdings in shares of Talos Energy by 23.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 13,717 shares of the company’s stock worth $191,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Stonegate Investment Group LLC bought a new stake in shares of Talos Energy during the first quarter valued at approximately $261,000. Institutional investors own 89.35% of the company’s stock.

Talos Energy Price Performance

NYSE TALO traded up $0.07 during trading hours on Thursday, reaching $11.63. 1,466,376 shares of the company’s stock were exchanged, compared to its average volume of 2,012,524. The firm has a fifty day moving average of $11.48 and a 200-day moving average of $12.58. Talos Energy Inc. has a one year low of $10.10 and a one year high of $17.59. The stock has a market cap of $2.14 billion, a PE ratio of 166.07 and a beta of 1.95. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56.

Talos Energy (NYSE:TALO) last announced its earnings results 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 company had revenue of $429.93 million during the quarter, compared to analyst estimates of $404.00 million. Talos Energy had a negative return on equity of 0.16% and a negative net margin of 0.96%. On average, equities research analysts predict that Talos Energy Inc. will post -0.11 earnings per share for the current fiscal year.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital acquired 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was purchased at an average price of $10.80 per share, for a total transaction of $3,240,000.00. Following the transaction, the insider now directly owns 37,972,904 shares of the company’s stock, valued at approximately $410,107,363.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have purchased 650,000 shares of company stock worth $7,262,500. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

TALO has been the topic of a number of recent research reports. KeyCorp lifted their price target on shares of Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Stephens reiterated an “overweight” rating and set a $24.00 target price on shares of Talos Energy in a research report on Wednesday, July 10th. Stifel Nicolaus increased their price target on shares of Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a report on Friday, June 21st. Finally, The Goldman Sachs Group assumed coverage on Talos Energy in a research note on Monday. They issued a “buy” rating and a $14.00 price objective on the stock. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Talos Energy presently has a consensus rating of “Buy” and an average price target of $20.17.

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.