Monaco Asset Management SAM Purchases New Position in Talos Energy Inc. $TALO

Monaco Asset Management SAM purchased a new stake in shares of Talos Energy Inc. (NYSE:TALO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 85,000 shares of the company’s stock, valued at approximately $721,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Talos Energy by 360.9% during the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock valued at $31,000 after acquiring an additional 2,501 shares during the last quarter. CWM LLC lifted its position in Talos Energy by 186.3% during the second quarter. CWM LLC now owns 6,027 shares of the company’s stock valued at $51,000 after purchasing an additional 3,922 shares during the last quarter. Signaturefd LLC grew its stake in shares of Talos Energy by 571.3% in 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Talos Energy in the 1st quarter worth about $65,000. Finally, Prudent Man Advisors LLC bought a new stake in shares of Talos Energy in the 2nd quarter worth about $115,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Stock Up 6.0%

Shares of NYSE TALO opened at $10.37 on Friday. Talos Energy Inc. has a 1 year low of $6.23 and a 1 year high of $12.71. The firm has a 50-day simple moving average of $9.64 and a two-hundred day simple moving average of $8.84. The company has a market cap of $1.81 billion, a P/E ratio of -10.69 and a beta of 0.75. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.42) by $0.23. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The firm had revenue of $450.05 million for the quarter, compared to the consensus estimate of $421.73 million. During the same period in the prior year, the business posted ($0.14) earnings per share. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. Research analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on TALO shares. Wall Street Zen downgraded shares of Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Talos Energy in a report on Wednesday. Finally, Mizuho restated a “neutral” rating and set a $11.00 price target on shares of Talos Energy in a report on Monday, September 15th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Talos Energy has a consensus rating of “Moderate Buy” and an average price target of $14.43.

Insider Buying and Selling

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total value of $59,680.71. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is owned by company insiders.

Talos Energy 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.