Public Sector Pension Investment Board Increases Holdings in Talos Energy Inc. $TALO

Key Points

• The Public Sector Pension Investment Board increased its stake in Talos Energy Inc. by 27.3%, acquiring an additional 84,443 shares, bringing its total ownership to 393,810 shares valued at approximately $3.83 million.
• Several institutional investors significantly boosted their holdings in Talos Energy, with GAMMA Investing LLC's purchases reflecting a 360.9% increase in the first quarter.
• Analysts have recently adjusted their ratings on Talos Energy, with KeyCorp lowering the target price from $16.00 to $12.00, while the stock has a current consensus rating of "Moderate Buy" and an average price target of $14.25.

Public Sector Pension Investment Board grew its holdings in Talos Energy Inc. (NYSE:TALO - Free Report) by 27.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 393,810 shares of the company's stock after purchasing an additional 84,443 shares during the period. Public Sector Pension Investment Board owned about 0.22% of Talos Energy worth $3,828,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TALO. GAMMA Investing LLC increased its stake 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 purchasing an additional 2,501 shares during the period. Sterling Capital Management LLC increased its stake in Talos Energy by 787.0% in 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 during the period. Parallel Advisors LLC increased its stake in Talos Energy by 2,601.0% in 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 during the period. Signaturefd LLC increased its stake 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 purchasing an additional 4,776 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Talos Energy in the first quarter worth $98,000. Hedge funds and other institutional investors own 89.35% of the company's stock.

Wall Street Analysts Forecast Growth

TALO has been the topic of a number of recent analyst reports. Capital One Financial initiated coverage on Talos Energy in a research note on Monday, June 16th. They issued an "overweight" rating and a $14.00 target price on the stock. Wall Street Zen downgraded Talos Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Talos Energy currently has a consensus rating of "Moderate Buy" and an average price target of $14.25.

Talos Energy Stock Up 7.5%

Shares of TALO traded up $0.6550 during midday trading on Friday, reaching $9.3450. 3,892,001 shares of the stock were exchanged, compared to its average volume of 2,301,615. Talos Energy Inc. has a 52 week low of $6.23 and a 52 week high of $12.71. The company's 50 day moving average is $8.59 and its two-hundred day moving average is $8.41. The company has a market capitalization of $1.63 billion, a P/E ratio of -9.63 and a beta of 0.81. 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 data on Wednesday, August 6th. The company reported ($0.27) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.06. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The company had revenue of $424.72 million for the quarter, compared to the consensus estimate of $443.53 million. During the same quarter last year, the company earned $0.03 earnings per share. The firm's revenue for the quarter was down 22.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share 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.