Peirce Capital Management LLC Makes New Investment in Talos Energy Inc. (NYSE:TALO)

Peirce Capital Management LLC acquired a new position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,508 shares of the company's stock, valued at approximately $355,000. Talos Energy comprises about 0.2% of Peirce Capital Management LLC's holdings, making the stock its 28th biggest holding.

Several other large investors have also recently added to or reduced their stakes in TALO. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 2,501 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Talos Energy by 787.0% during the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company's stock worth $44,000 after purchasing an additional 4,053 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Talos Energy by 2,601.0% during the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock worth $52,000 after purchasing an additional 5,124 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Talos Energy during the first quarter worth approximately $98,000. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Talos Energy during the first quarter worth approximately $111,000. 89.35% of the stock is owned by institutional investors.

Talos Energy Trading Up 1.2%

Shares of NYSE:TALO opened at $9.14 on Friday. Talos Energy Inc. has a 12 month low of $6.23 and a 12 month high of $12.71. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.45. The company's fifty day simple moving average is $8.46 and its 200 day simple moving average is $8.76. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 60.94 and a beta of 0.71.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TALO. KeyCorp reduced their target price on shares of Talos Energy from $16.00 to $12.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Mizuho reduced their target price on shares of 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 began coverage on shares of Talos Energy in a research report on Monday, June 16th. They set an "overweight" rating and a $14.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $14.22.

Talos Energy Company 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.

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