Vident Advisory LLC Takes $488,000 Position in Talos Energy Inc. $TALO

Key Points

• Vident Advisory LLC has invested approximately $488,000 in Talos Energy, acquiring 50,223 shares during the 1st quarter.
• Several hedge funds have significantly increased their stakes in Talos Energy, with Ameriprise Financial boosting their ownership by 318.5% during the 4th quarter.
• Talos Energy's stock has a current consensus rating of "Moderate Buy" with an average target price of $14.25, according to recent analyst reports.

Vident Advisory LLC purchased a new position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 50,223 shares of the company's stock, valued at approximately $488,000.

Several other institutional investors and hedge funds have also made changes to their positions in TALO. Hsbc Holdings PLC lifted its holdings in shares of Talos Energy by 19.4% in the 4th quarter. Hsbc Holdings PLC now owns 22,362 shares of the company's stock valued at $219,000 after purchasing an additional 3,637 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Talos Energy by 13.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 71,798 shares of the company's stock valued at $698,000 after acquiring an additional 8,595 shares during the period. Northern Trust Corp increased its position in Talos Energy by 6.0% during the 4th quarter. Northern Trust Corp now owns 1,412,965 shares of the company's stock worth $13,720,000 after purchasing an additional 79,746 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Talos Energy by 318.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company's stock worth $19,106,000 after acquiring an additional 1,497,472 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Talos Energy by 94.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 21,394 shares of the company's stock worth $208,000 after acquiring an additional 10,366 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Stock Down 1.9%

NYSE TALO traded down $0.19 during trading hours on Thursday, hitting $9.68. The company had a trading volume of 671,506 shares, compared to its average volume of 2,291,887. Talos Energy Inc. has a fifty-two week low of $6.23 and a fifty-two week high of $12.71. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -9.98 and a beta of 0.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22. The firm's 50 day moving average is $8.80 and its 200 day moving average is $8.44.

Talos Energy (NYSE:TALO - Get Free Report) last announced 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 firm had revenue of $424.72 million during the quarter, compared to the consensus estimate of $443.53 million. During the same period in the prior year, the firm earned $0.03 EPS. The firm's quarterly revenue was down 22.7% compared to the same quarter last year. Sell-side analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Capital One Financial started coverage on Talos Energy in a research note on Monday, June 16th. They set an "overweight" rating and a $14.00 price target on the stock. Wall Street Zen lowered Talos Energy from a "hold" rating to a "sell" rating in a research note 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.25.

Insider Buying and Selling at Talos Energy

In other news, Director Paula R. Glover sold 6,159 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total transaction of $59,680.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.36% of the stock is owned by corporate insiders.

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.