Squarepoint Ops LLC Acquires New Shares in Talos Energy Inc. $TALO

Key Points

• Squarepoint Ops LLC acquired 172,290 Talos Energy shares in the second quarter, valued at approximately $2.22 million. Institutional investors and hedge funds collectively own 89.35% of the company.
• Talos Energy reported quarterly EPS of $0.57, beating estimates of $0.36, while revenue rose 56.5% year over year to $664.81 million. The stock recently traded at $17.63, near its 12-month high of $18.44.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $18.71; however, company insiders sold 271,307 shares worth $4.63 million over the last quarter.

Squarepoint Ops LLC acquired a new position in Talos Energy Inc. (NYSE:TALO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 172,290 shares of the company's stock, valued at approximately $2,224,000. Squarepoint Ops LLC owned 0.10% of Talos Energy as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TALO. De Lisle Partners LLP acquired a new position in shares of Talos Energy in the 2nd quarter valued at $2,144,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Talos Energy by 394,736.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company's stock worth $4,729,000 after purchasing an additional 300,000 shares during the last quarter. Webs Creek Capital Management LP acquired a new stake in shares of Talos Energy during the 2nd quarter worth about $27,039,375. Arrowstreet Capital Limited Partnership raised its holdings in Talos Energy by 22.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,477 shares of the company's stock valued at $7,241,000 after buying an additional 85,450 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new stake in Talos Energy in the 2nd quarter valued at about $867,000. Institutional investors and hedge funds own 89.35% of the company's stock.

Talos Energy Price Performance

TALO stock opened at $17.63 on Tuesday. The business's fifty day moving average price is $15.63 and its 200 day moving average price is $14.97. Talos Energy Inc. has a 12-month low of $8.87 and a 12-month high of $18.44. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.94 billion, a PE ratio of -7.41 and a beta of 0.36.

Talos Energy (NYSE:TALO - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. The company had revenue of $664.81 million during the quarter, compared to analysts' expectations of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.Talos Energy's revenue for the quarter was up 56.5% on a year-over-year basis. During the same period last year, the business posted ($0.27) EPS. On average, sell-side analysts anticipate that Talos Energy Inc. will post 1.4 EPS for the current year.

Insider Activity

In related news, insider John B. Spath sold 90,000 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $16.90, for a total transaction of $1,521,000.00. Following the sale, the insider directly owned 178,788 shares of the company's stock, valued at $3,021,517.20. This represents a 33.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory Babcock sold 61,307 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $16.74, for a total transaction of $1,026,279.18. Following the sale, the insider directly owned 84,509 shares in the company, valued at approximately $1,414,680.66. The trade was a 42.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 271,307 shares of company stock valued at $4,625,679. 0.51% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TALO has been the topic of a number of recent analyst reports. Zacks Research raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. The Goldman Sachs Group reiterated a "buy" rating and set a $20.00 price target on shares of Talos Energy in a research report on Monday, September 7th. Stephens reissued an "overweight" rating and issued a $20.00 price target on shares of Talos Energy in a research note on Wednesday, July 1st. Mizuho upped their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, May 27th. Finally, Citigroup lowered their price objective on shares of Talos Energy from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.71.

Talos Energy Company Profile

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company's upstream operations are concentrated in the U.S. Gulf of Mexico, where it owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.

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