Bleakley Financial Group LLC Purchases Shares of 35,644 Talos Energy Inc. $TALO

Bleakley Financial Group LLC purchased a new stake in shares of Talos Energy Inc. (NYSE:TALO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 35,644 shares of the company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Talos Energy by 360.9% in the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock worth $31,000 after purchasing an additional 2,501 shares during the last quarter. CWM LLC grew its holdings in shares of Talos Energy by 186.3% in the second quarter. CWM LLC now owns 6,027 shares of the company’s stock worth $51,000 after purchasing an additional 3,922 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Talos Energy by 571.3% in the first quarter. Signaturefd LLC now owns 5,612 shares of the company’s stock worth $55,000 after purchasing an additional 4,776 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Talos Energy in the first quarter worth approximately $65,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Talos Energy in the first quarter worth approximately $98,000. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Stock Performance

NYSE:TALO opened at $9.74 on Monday. The stock has a market cap of $1.70 billion, a P/E ratio of -10.04 and a beta of 0.74. The firm’s fifty day simple moving average is $9.52 and its 200 day simple moving average is $8.66. Talos Energy Inc. has a twelve month low of $6.23 and a twelve month high of $12.71. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Friday, January 6th. The company reported $0.45 EPS for the quarter. The business had revenue of $382.96 million during the quarter. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%. As a group, research analysts predict that Talos Energy Inc. will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TALO. Mizuho restated a “neutral” rating and issued a $11.00 target price on shares of Talos Energy in a report on Monday, September 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Talos Energy in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Talos Energy from a “hold” rating to a “sell” rating in a 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.43.

Insider Buying and Selling

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total transaction of $59,680.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

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.