Talos Energy Inc. $TALO Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Talos Energy by 23.3%, acquiring an additional 260,781 shares, bringing its total ownership to 1,382,337 shares valued at approximately $13.4 million.
• A number of large investors, including Ameriprise Financial Inc. and Janus Henderson Group PLC, also notably increased their positions in Talos Energy during the fourth quarter, showing strong institutional interest.
• Talos Energy reported a revenue of $424.72 million in its latest earnings, which was below the analysts' expectations of $443.53 million, reflecting a 22.7% year-over-year decline.

Invesco Ltd. boosted its holdings in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 23.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,382,337 shares of the company's stock after acquiring an additional 260,781 shares during the period. Invesco Ltd. owned 0.77% of Talos Energy worth $13,436,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Talos Energy by 360.9% in the 1st 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. Sterling Capital Management LLC lifted its holdings in shares of Talos Energy by 787.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company's stock worth $44,000 after acquiring an additional 4,053 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Talos Energy by 2,601.0% in the 1st 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 last quarter. Signaturefd LLC lifted its holdings in shares of Talos Energy by 571.3% in the 1st 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 last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Talos Energy in the 1st quarter worth approximately $98,000. Hedge funds and other institutional investors own 89.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TALO shares. Wall Street Zen lowered shares of Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Capital One Financial started coverage on shares of Talos Energy in a report on Monday, June 16th. They issued an "overweight" rating and a $14.00 price objective on the stock. Finally, Mizuho decreased their price objective on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $14.25.

Talos Energy Trading Down 0.3%

TALO stock traded down $0.03 during midday trading on Tuesday, reaching $9.68. 2,483,785 shares of the company's stock traded hands, compared to its average volume of 2,306,636. The business has a 50-day moving average price of $8.60 and a two-hundred day moving average price of $8.40. Talos Energy Inc. has a fifty-two week low of $6.23 and a fifty-two week high of $12.71. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $1.69 billion, a P/E ratio of -9.97 and a beta of 0.81.

Talos Energy (NYSE:TALO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.33) by $0.06. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The business had revenue of $424.72 million for the quarter, compared to analysts' expectations of $443.53 million. During the same period in the previous year, the company posted $0.03 earnings per share. The business's revenue for the quarter was down 22.7% compared to the same quarter last year. Equities research analysts forecast that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

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.