Edgestream Partners L.P. Makes New $1.99 Million Investment in Talos Energy Inc. (NYSE:TALO)

Edgestream Partners L.P. acquired a new stake in Talos Energy Inc. (NYSE:TALO) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 204,512 shares of the company’s stock, valued at approximately $1,988,000. Edgestream Partners L.P. owned 0.11% of Talos Energy at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Sourcerock Group LLC boosted its holdings in shares of Talos Energy by 3.6% in the fourth quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company’s stock valued at $92,738,000 after acquiring an additional 331,109 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Talos Energy by 11.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company’s stock valued at $74,964,000 after acquiring an additional 763,631 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Talos Energy by 14.9% during the fourth quarter. American Century Companies Inc. now owns 4,427,546 shares of the company’s stock valued at $42,991,000 after acquiring an additional 575,096 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Talos Energy by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,100,185 shares of the company’s stock valued at $20,393,000 after acquiring an additional 101,280 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Talos Energy by 318.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company’s stock worth $19,106,000 after buying an additional 1,497,472 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TALO shares. KeyCorp reduced their price objective on Talos Energy from $16.00 to $12.00 and set an “overweight” rating on the stock in a research note on Monday, April 21st. Capital One Financial initiated coverage on Talos Energy in a report on Monday, June 16th. They issued an “overweight” rating and a $14.00 price target for the company. Finally, Mizuho lowered their price objective on Talos Energy from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.22.

Talos Energy Stock Performance

Shares of NYSE:TALO opened at $8.49 on Friday. The business’s fifty day moving average price is $8.55 and its two-hundred day moving average price is $8.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 56.57 and a beta of 0.71. Talos Energy Inc. has a fifty-two week low of $6.23 and a fifty-two week high of $12.71.

About Talos Energy

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.