50,300 Shares in Talos Energy Inc. (NYSE:TALO) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Talos Energy Inc. (NYSE:TALO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 50,300 shares of the company’s stock, valued at approximately $716,000.

Several other large investors have also added to or reduced their stakes in TALO. PNC Financial Services Group Inc. lifted its holdings in Talos Energy by 13.2% during the third quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock valued at $127,000 after purchasing an additional 903 shares in the last quarter. Laurion Capital Management LP purchased a new position in Talos Energy during the third quarter valued at approximately $268,000. Teza Capital Management LLC bought a new stake in shares of Talos Energy during the third quarter valued at approximately $274,000. Seven Eight Capital LP bought a new stake in shares of Talos Energy during the third quarter valued at approximately $306,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Talos Energy by 25.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,148 shares of the company’s stock valued at $381,000 after buying an additional 4,659 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TALO. Stephens reiterated an “overweight” rating and set a $26.00 price objective on shares of Talos Energy in a research report on Monday, April 22nd. KeyCorp lifted their price objective on shares of Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. TheStreet cut shares of Talos Energy from a “b-” rating to a “c+” rating in a research report on Tuesday, March 19th. Benchmark reiterated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Friday, April 12th. Finally, Citigroup began coverage on shares of Talos Energy in a research report on Friday, March 22nd. They set a “buy” rating and a $16.50 price objective on the stock. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $21.19.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital acquired 468,729 shares of the company’s stock in a transaction 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 directly owns 35,216,510 shares of the company’s stock, valued at $449,714,832.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is owned by insiders.

Talos Energy Trading Up 1.2 %

Shares of TALO opened at $13.94 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 0.73. The company’s fifty day moving average is $13.46 and its 200 day moving average is $13.79. The stock has a market capitalization of $2.56 billion, a PE ratio of 8.60 and a beta of 2.01. Talos Energy Inc. has a fifty-two week low of $10.69 and a fifty-two week high of $17.59.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.22 by ($0.26). The firm had revenue of $384.96 million for the quarter, compared to analysts’ expectations of $386.90 million. Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. Sell-side analysts expect that Talos Energy Inc. will post -0.04 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.