Philosophy Capital Management LLC Boosts Stake in Talos Energy Inc. $TALO

Key Points

• Philosophy Capital Management LLC increased its stake in Talos Energy by 11.5%, owning 4,251,212 shares valued at approximately $41.32 million, making it the firm's fifth-largest position.
• Talos Energy reported a loss of $0.27 earnings per share for the most recent quarter, beating analysts' expectations, but its revenue of $424.72 million fell short of the $443.53 million consensus estimate.
• The stock has a market cap of $1.65 billion and has seen trading fluctuations, with a 52-week range between $6.23 and $12.71, currently priced at $9.46.

Philosophy Capital Management LLC boosted its stake in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 11.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,251,212 shares of the company's stock after purchasing an additional 437,788 shares during the period. Talos Energy accounts for about 2.9% of Philosophy Capital Management LLC's investment portfolio, making the stock its 5th biggest holding. Philosophy Capital Management LLC owned 2.38% of Talos Energy worth $41,322,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Talos Energy by 360.9% during the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock valued at $31,000 after purchasing an additional 2,501 shares during the last quarter. Parallel Advisors LLC boosted its position in Talos Energy by 2,601.0% during the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock valued at $52,000 after purchasing an additional 5,124 shares during the last quarter. Signaturefd LLC boosted its position in Talos Energy by 571.3% during the first quarter. Signaturefd LLC now owns 5,612 shares of the company's stock valued at $55,000 after purchasing an additional 4,776 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Talos Energy during the first quarter valued at approximately $65,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Talos Energy during the first quarter valued at approximately $98,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Paula R. Glover sold 6,159 shares of Talos Energy stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.36% of the company's stock.

Talos Energy Stock Performance

NYSE:TALO traded down $0.17 during mid-day trading on Thursday, hitting $9.70. 530,439 shares of the stock were exchanged, compared to its average volume of 2,291,482. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -9.99 and a beta of 0.80. The firm's 50-day simple moving average is $8.80 and its 200 day simple moving average is $8.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22. Talos Energy Inc. has a fifty-two week low of $6.23 and a fifty-two week high of $12.71.

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

Wall Street Analyst Weigh In

TALO has been the subject of several recent research reports. Capital One Financial initiated coverage on Talos Energy in a research report on Monday, June 16th. They set an "overweight" rating and a $14.00 price target for the company. Wall Street Zen cut Talos Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Talos Energy has a consensus rating of "Moderate Buy" and an average price target of $14.25.

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.