Edgestream Partners L.P. Takes Position in Talos Energy Inc. (NYSE:TALO)

Edgestream Partners L.P. acquired a new position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 204,512 shares of the company's stock, valued at approximately $1,988,000. Edgestream Partners L.P. owned approximately 0.11% of Talos Energy as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Talos Energy by 360.9% during the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock valued at $31,000 after purchasing an additional 2,501 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Talos Energy by 787.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company's stock valued at $44,000 after buying an additional 4,053 shares in the last quarter. Parallel Advisors LLC boosted its position in Talos Energy by 2,601.0% during the 1st quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock worth $52,000 after buying an additional 5,124 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in Talos Energy during the 1st quarter valued at approximately $98,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Talos Energy in the first quarter worth $111,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Trading Up 3.7%

Shares of NYSE TALO opened at $8.49 on Friday. The stock's 50 day moving average price is $8.55 and its two-hundred day moving average price is $8.74. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $12.71. The stock has a market capitalization of $1.50 billion, a P/E ratio of 56.57 and a beta of 0.71. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.45.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TALO. Mizuho decreased their target price on Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. KeyCorp lowered their price objective on Talos Energy from $16.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Capital One Financial began coverage on shares of Talos Energy in a report on Monday, June 16th. They issued an "overweight" rating and a $14.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.22.

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.

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.