Hsbc Holdings PLC Has $219,000 Stock Position in Talos Energy Inc. (NYSE:TALO)

Hsbc Holdings PLC increased its position in Talos Energy Inc. (NYSE:TALO) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,362 shares of the company’s stock after buying an additional 3,637 shares during the period. Hsbc Holdings PLC’s holdings in Talos Energy were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Sterling Capital Management LLC lifted its holdings in Talos Energy by 787.0% in the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock worth $44,000 after purchasing an additional 4,053 shares during the last quarter. KBC Group NV grew its stake in shares of Talos Energy by 46.1% in the fourth quarter. KBC Group NV now owns 7,970 shares of the company’s stock worth $77,000 after acquiring an additional 2,515 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Talos Energy by 182.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock valued at $106,000 after purchasing an additional 7,026 shares during the last quarter. Mariner LLC bought a new stake in Talos Energy in the 4th quarter valued at $126,000. Finally, Cibc World Markets Corp acquired a new stake in Talos Energy during the fourth quarter worth about $132,000. Institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TALO shares. Citigroup reduced their price objective on shares of Talos Energy from $14.50 to $12.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price objective on shares of Talos Energy from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Mizuho cut their price target on Talos Energy from $15.00 to $12.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Stephens lowered their price objective on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, KeyCorp lowered their target price on Talos Energy from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.38.

Talos Energy Stock Performance

Shares of TALO stock opened at $8.15 on Friday. The stock has a market cap of $1.45 billion, a PE ratio of 15.09 and a beta of 0.65. The stock has a 50-day moving average of $7.98 and a 200-day moving average of $9.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. Talos Energy Inc. has a one year low of $6.23 and a one year high of $12.71.

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.