Russell Investments Group Ltd. Grows Stock Position in Talos Energy Inc. $TALO

Key Points

• Russell Investments Group Ltd. increased its stake in Talos Energy Inc. by 79.3% during the first quarter, holding approximately 0.19% of the company worth $3.3 million at the end of the quarter.
• Talos Energy's shares rose 7.5% recently, with the stock currently at $9.34 after trading between a 12-month low of $6.23 and a high of $12.71.
• The company reported a quarterly earnings per share (EPS) of ($0.27), exceeding analysts' expectations, but experienced a 22.7% year-over-year revenue decline.

Russell Investments Group Ltd. raised its holdings in Talos Energy Inc. (NYSE:TALO - Free Report) by 79.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 342,271 shares of the company's stock after buying an additional 151,406 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.19% of Talos Energy worth $3,327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of 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 during the last quarter. Parallel Advisors LLC raised its stake in 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 during the period. Signaturefd LLC boosted its holdings in shares of Talos Energy by 571.3% in the 1st 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. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Talos Energy in the 1st quarter valued at $98,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of Talos Energy during the 1st quarter valued at $111,000. Institutional investors and hedge funds own 89.35% of the company's stock.

Talos Energy Stock Up 7.5%

Shares of NYSE TALO opened at $9.3450 on Friday. The stock has a fifty day moving average price of $8.59 and a 200 day moving average price of $8.40. 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 Inc. has a 12-month low of $6.23 and a 12-month high of $12.71. The company has a market cap of $1.63 billion, a P/E ratio of -9.63 and a beta of 0.81.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, topping 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 analysts' expectations of $443.53 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The firm's quarterly revenue was down 22.7% on a year-over-year basis. Research analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.

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