Vanguard Group Inc. Purchases 58,165 Shares of Talos Energy Inc. $TALO

Key Points

• Vanguard Group Inc. has increased its stake in Talos Energy by 0.6%, holding approximately 5.60% of the company, valued at $97.1 million.
• Multiple institutional investors, including GAMMA Investing LLC and Signaturefd LLC, greatly increased their holdings in Talos Energy, highlighting a significant institutional interest in the company.
• Talos Energy's stock price has shown volatility, recently rising 7.5%, and the company reported an EPS of ($0.27) for the last quarter, slightly exceeding analysts' expectations.

Vanguard Group Inc. increased its position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,992,530 shares of the company's stock after purchasing an additional 58,165 shares during the period. Vanguard Group Inc. owned approximately 5.60% of Talos Energy worth $97,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in Talos Energy by 571.3% during the 1st 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 last quarter. GAMMA Investing LLC lifted its holdings in Talos Energy by 360.9% during the 1st 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 last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Talos Energy during the 1st quarter worth approximately $98,000. SG Americas Securities LLC lifted its holdings in Talos Energy by 11.0% during the 1st quarter. SG Americas Securities LLC now owns 67,692 shares of the company's stock worth $658,000 after purchasing an additional 6,689 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Talos Energy by 48.4% during the 4th quarter. Deutsche Bank AG now owns 126,388 shares of the company's stock worth $1,227,000 after purchasing an additional 41,203 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TALO. Wall Street Zen lowered Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Capital One Financial began coverage on Talos Energy in a research note on Monday, June 16th. They set an "overweight" rating and a $14.00 price objective on the stock. Finally, Mizuho lowered their price objective on Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Talos Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.25.

Talos Energy Price Performance

Shares of TALO traded down $0.03 during midday trading on Tuesday, hitting $9.68. The company's stock had a trading volume of 2,483,785 shares, compared to its average volume of 2,306,636. Talos Energy Inc. has a one year low of $6.23 and a one year high of $12.71. The company's fifty day simple moving average is $8.60 and its two-hundred day simple moving average is $8.40. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -9.97 and a beta of 0.81.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $443.53 million. During the same quarter last year, the company posted $0.03 EPS. The company's revenue for the quarter was down 22.7% compared to the same quarter last year. As a group, equities analysts expect that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

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.