Focus Partners Advisor Solutions LLC Buys Shares of 33,712 Talos Energy Inc. $TALO

Key Points

• Focus Partners Advisor Solutions LLC has acquired a new stake in Talos Energy, purchasing 33,712 shares valued at approximately $328,000 in the first quarter.
• Several institutions significantly increased their holdings in Talos Energy, with GAMMA Investing LLC boosting its shares by 360.9% during the same period.
• Despite a revenue decline of 22.7% year-over-year, Talos Energy's recent earnings were better than analyst expectations, reporting a loss of $0.27 per share against a consensus estimate of $0.33.

Focus Partners Advisor Solutions LLC bought a new position in Talos Energy Inc. (NYSE:TALO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,712 shares of the company's stock, valued at approximately $328,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Talos Energy by 360.9% in the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock valued at $31,000 after buying an additional 2,501 shares during the period. Parallel Advisors LLC lifted its stake in shares of Talos Energy by 2,601.0% in the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock valued at $52,000 after buying an additional 5,124 shares in the last quarter. Signaturefd LLC lifted its stake in Talos Energy by 571.3% during the 1st quarter. Signaturefd LLC now owns 5,612 shares of the company's stock valued at $55,000 after acquiring an additional 4,776 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Talos Energy during the 1st quarter valued at $65,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Talos Energy during the 1st quarter valued at $98,000. Institutional investors own 89.35% of the company's stock.

Insiders Place Their Bets

In other news, Director Paula R. Glover sold 6,159 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total value of $59,680.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is owned by insiders.

Talos Energy Price Performance

TALO traded down $0.19 during trading on Thursday, hitting $9.67. 722,768 shares of the company traded hands, compared to its average volume of 2,292,490. Talos Energy Inc. has a 1 year low of $6.23 and a 1 year high of $12.71. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The stock's 50-day simple moving average is $8.80 and its two-hundred day simple moving average is $8.44. The company has a market cap of $1.69 billion, a PE ratio of -9.96 and a beta of 0.80.

Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.27) 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 analyst estimates of $443.53 million. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. Talos Energy's quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 earnings per share. As a group, sell-side analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Capital One Financial began coverage on Talos Energy in a research note on Monday, June 16th. They issued an "overweight" rating and a $14.00 target price for the company. Wall Street Zen cut Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $14.25.

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.