Focus Partners Advisor Solutions LLC Makes New $328,000 Investment in 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 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,712 shares of the company's stock, valued at approximately $328,000.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings 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 buying an additional 4,776 shares during the last quarter. GAMMA Investing LLC raised its holdings 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 buying an additional 2,501 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Talos Energy in the first quarter valued at about $98,000. SG Americas Securities LLC raised its holdings in shares of Talos Energy by 11.0% in the first quarter. SG Americas Securities LLC now owns 67,692 shares of the company's stock valued at $658,000 after purchasing an additional 6,689 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Talos Energy by 23.3% in the first quarter. Invesco Ltd. now owns 1,382,337 shares of the company's stock valued at $13,436,000 after purchasing an additional 260,781 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Talos Energy Stock Performance

TALO traded down $0.13 during trading on Friday, hitting $9.63. 1,845,292 shares of the company traded hands, compared to its average volume of 2,224,307. The firm has a market cap of $1.68 billion, a P/E ratio of -9.93 and a beta of 0.80. The stock's fifty day moving average is $8.85 and its 200 day moving average is $8.45. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49. Talos Energy Inc. has a one year low of $6.23 and a one year high of $12.71.

Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.06. The company 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%. The firm's revenue for the quarter was down 22.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. As a group, equities analysts predict that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Capital One Financial assumed 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. Wall Street Zen downgraded shares of Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.25.

Insiders Place Their Bets

In related news, Director Paula R. Glover sold 6,159 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.36% of the company's stock.

Talos Energy 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.