New York State Teachers Retirement System Increases Stake in Talos Energy Inc. $TALO

New York State Teachers Retirement System increased its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 35.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,013 shares of the company’s stock after buying an additional 11,901 shares during the period. New York State Teachers Retirement System’s holdings in Talos Energy were worth $382,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TALO. GAMMA Investing LLC increased its stake in Talos Energy by 360.9% during the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock worth $31,000 after buying an additional 2,501 shares during the period. CWM LLC increased its stake in Talos Energy by 186.3% during the 2nd quarter. CWM LLC now owns 6,027 shares of the company’s stock worth $51,000 after buying an additional 3,922 shares during the period. Signaturefd LLC increased its stake in Talos Energy by 571.3% during the 1st quarter. Signaturefd LLC now owns 5,612 shares of the company’s stock worth $55,000 after buying an additional 4,776 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Talos Energy during the 1st quarter worth approximately $65,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Talos Energy during the 1st quarter worth approximately $98,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Trading Up 7.4%

NYSE TALO opened at $9.96 on Friday. 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 fifty day moving average price is $9.49 and its 200 day moving average price is $8.61. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -10.26 and a beta of 0.74. Talos Energy Inc. has a 12 month low of $6.23 and a 12 month high of $12.71.

Talos Energy (NYSE:TALO) last posted its earnings results on Friday, January 6th. The company reported $0.45 EPS for the quarter. The firm had revenue of $382.96 million for the quarter. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. On average, sell-side analysts expect that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TALO has been the topic of several recent research reports. Mizuho reaffirmed a “neutral” rating and set a $11.00 target price on shares of Talos Energy in a research note on Monday, September 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Talos Energy in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Talos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Talos Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.43.

Insider Activity at Talos Energy

In related news, Director Paula R. Glover sold 6,159 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total value of $59,680.71. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.36% of the stock is owned by company insiders.

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.