103,236 Shares in Talos Energy Inc. $TALO Purchased by Pale Fire Capital SE

Key Points

• Pale Fire Capital SE acquired 103,236 shares of Talos Energy Inc., valued at approximately $1,003,000, making it the 26th largest position in their portfolio.
• Institutional investors and hedge funds own 89.35% of Talos Energy’s stock, with significant increases in stakes from several firms during the first quarter.
• Talos Energy reported a quarterly EPS of ($0.27), beating analysts' expectations, but faced a 22.7% year-over-year decline in revenue.

Pale Fire Capital SE acquired a new position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 103,236 shares of the company's stock, valued at approximately $1,003,000. Talos Energy accounts for 0.1% of Pale Fire Capital SE's portfolio, making the stock its 26th biggest position. Pale Fire Capital SE owned approximately 0.06% of Talos Energy at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Talos Energy by 360.9% during the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock worth $31,000 after acquiring an additional 2,501 shares during the period. Parallel Advisors LLC raised its stake in Talos Energy by 2,601.0% during the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock worth $52,000 after acquiring an additional 5,124 shares during the period. Signaturefd LLC raised its stake in Talos Energy by 571.3% during the first quarter. Signaturefd LLC now owns 5,612 shares of the company's stock worth $55,000 after acquiring an additional 4,776 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Talos Energy during the first quarter worth about $65,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Talos Energy during the first quarter worth about $98,000. Institutional investors and hedge funds own 89.35% of the company's stock.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $9.3450 on Friday. The firm's 50 day moving average is $8.59 and its two-hundred day moving average is $8.40. Talos Energy Inc. has a 52 week low of $6.23 and a 52 week high of $12.71. The firm has a market capitalization of $1.63 billion, a P/E ratio of -9.63 and a beta of 0.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49.

Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.06. The business had revenue of $424.72 million during the quarter, compared to analysts' expectations of $443.53 million. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The business's revenue was down 22.7% on a year-over-year basis. During the same period last year, the firm posted $0.03 earnings per share. Analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

TALO has been the topic of several analyst reports. Mizuho dropped their price target on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Capital One Financial initiated coverage on shares of Talos Energy in a research note on Monday, June 16th. They issued an "overweight" rating and a $14.00 price target on the stock. Finally, Wall Street Zen lowered shares of Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.25.

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.

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:TALO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.