SG Americas Securities LLC Decreases Stake in Talos Energy Inc. (NYSE:TALO)

SG Americas Securities LLC lessened its position in shares of Talos Energy Inc. (NYSE:TALO) by 77.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,485 shares of the company’s stock after selling 28,912 shares during the quarter. SG Americas Securities LLC’s holdings in Talos Energy were worth $121,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in Talos Energy by 37.6% during the third quarter. Public Employees Retirement System of Ohio now owns 1,756 shares of the company’s stock valued at $29,000 after acquiring an additional 480 shares during the last quarter. US Bancorp DE increased its position in Talos Energy by 39.2% in the first quarter. US Bancorp DE now owns 2,811 shares of the company’s stock worth $44,000 after buying an additional 791 shares in the last quarter. Captrust Financial Advisors increased its position in Talos Energy by 85.6% in the first quarter. Captrust Financial Advisors now owns 3,360 shares of the company’s stock worth $53,000 after buying an additional 1,550 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Talos Energy by 111.2% in the third quarter. Tower Research Capital LLC TRC now owns 4,253 shares of the company’s stock worth $70,000 after buying an additional 2,239 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Talos Energy by 291.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,915 shares of the company’s stock worth $107,000 after buying an additional 5,148 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital purchased 468,729 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average cost of $12.77 per share, with a total value of $5,985,669.33. Following the completion of the purchase, the insider now owns 35,216,510 shares in the company, valued at $449,714,832.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TALO has been the subject of a number of analyst reports. TheStreet cut Talos Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. Citigroup initiated coverage on Talos Energy in a research report on Friday, March 22nd. They issued a “buy” rating and a $16.50 price target for the company. KeyCorp reduced their price target on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, January 11th. Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research report on Friday, April 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $17.00 price objective (down previously from $20.00) on shares of Talos Energy in a research note on Friday, March 22nd. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $20.19.

Talos Energy Stock Performance

NYSE TALO opened at $13.27 on Friday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 8.19 and a beta of 2.01. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $13.33 and a 200-day moving average price of $13.86. Talos Energy Inc. has a twelve month low of $10.69 and a twelve month high of $17.59.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). Talos Energy had a net margin of 12.85% and a return on equity of 0.76%. The firm had revenue of $384.96 million for the quarter, compared to the consensus estimate of $386.90 million. As a group, equities research analysts predict that Talos Energy Inc. will post -0.05 EPS for the current fiscal year.

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.