Peirce Capital Management LLC Invests $355,000 in Talos Energy Inc. (NYSE:TALO)

Peirce Capital Management LLC bought a new position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,508 shares of the company's stock, valued at approximately $355,000. Talos Energy makes up about 0.2% of Peirce Capital Management LLC's portfolio, making the stock its 28th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in TALO. Sourcerock Group LLC boosted its holdings in shares of Talos Energy by 3.6% during the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company's stock worth $92,738,000 after buying an additional 331,109 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Talos Energy by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company's stock valued at $74,964,000 after purchasing an additional 763,631 shares during the last quarter. American Century Companies Inc. increased its position in shares of Talos Energy by 14.9% during the 4th quarter. American Century Companies Inc. now owns 4,427,546 shares of the company's stock valued at $42,991,000 after purchasing an additional 575,096 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Talos Energy by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,100,185 shares of the company's stock worth $20,393,000 after acquiring an additional 101,280 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Talos Energy by 318.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company's stock worth $19,106,000 after acquiring an additional 1,497,472 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TALO has been the topic of a number of research reports. KeyCorp decreased their price objective on Talos Energy from $16.00 to $12.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Mizuho dropped their price target on Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Finally, Capital One Financial started coverage on Talos Energy in a research report on Monday, June 16th. They set an "overweight" rating and a $14.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Talos Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.22.

Talos Energy Price Performance

Shares of TALO stock traded down $0.33 during trading hours on Tuesday, reaching $8.59. The company had a trading volume of 1,597,945 shares, compared to its average volume of 2,189,330. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average of $8.46 and a 200-day moving average of $8.75. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 57.27 and a beta of 0.71. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $12.71.

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.