Nuveen LLC Invests $3.54 Million in Talos Energy Inc. $TALO

Key Points

• Nuveen LLC has invested $3.54 million in Talos Energy Inc., acquiring 364,608 shares, which represents about 0.20% ownership of the company as of their latest SEC filing.
• Talos Energy has seen significant interest from other institutional investors, with positions from firms like Signaturefd LLC increasing by over 571% in the first quarter.
• Wall Street analysts have mixed opinions on Talos Energy, with six analysts rating it as a "Buy" while Mizuho recently lowered their price target from $12.00 to $11.00.

Nuveen LLC purchased a new position in Talos Energy Inc. (NYSE:TALO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 364,608 shares of the company's stock, valued at approximately $3,544,000. Nuveen LLC owned 0.20% of Talos Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC grew its position in Talos Energy by 571.3% in 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 in the last quarter. GAMMA Investing LLC grew its position in Talos Energy by 360.9% in 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 in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Talos Energy during the first quarter valued at about $98,000. SG Americas Securities LLC boosted its position in Talos Energy by 11.0% during the first quarter. SG Americas Securities LLC now owns 67,692 shares of the company's stock valued at $658,000 after buying an additional 6,689 shares during the period. Finally, Invesco Ltd. boosted its position in Talos Energy by 23.3% during the first quarter. Invesco Ltd. now owns 1,382,337 shares of the company's stock valued at $13,436,000 after buying an additional 260,781 shares during the period. Institutional investors own 89.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Mizuho reduced their price target on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Finally, Capital One Financial initiated coverage on shares of Talos Energy in a research report on Monday, June 16th. They issued an "overweight" rating and a $14.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $14.25.

Talos Energy Stock Performance

Shares of NYSE:TALO opened at $9.58 on Thursday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -9.88 and a beta of 0.81. Talos Energy Inc. has a 12 month low of $6.23 and a 12 month high of $12.71. The firm's 50-day moving average is $8.61 and its 200 day moving average is $8.42. 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 issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.06. The company had revenue of $424.72 million for the quarter, compared to the consensus estimate 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 was down 22.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. Research analysts predict that Talos Energy Inc. will post -0.44 EPS for the current year.

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.

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