First Citizens Bank & Trust Co. Buys 23,970 Shares of Talos Energy Inc. $TALO

First Citizens Bank & Trust Co. lifted its stake in Talos Energy Inc. (NYSE:TALO) by 210.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,366 shares of the company’s stock after buying an additional 23,970 shares during the period. First Citizens Bank & Trust Co.’s holdings in Talos Energy were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TALO. GAMMA Investing LLC boosted its stake 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 valued at $31,000 after buying an additional 2,501 shares during the period. CWM LLC lifted its stake in Talos Energy by 186.3% during 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 increased its holdings in shares of Talos Energy by 571.3% during the first 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 acquired a new position in shares of Talos Energy during the first quarter worth $65,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Talos Energy during the first quarter worth $98,000. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Stock Performance

TALO opened at $9.74 on Monday. The firm has a fifty day moving average price of $9.52 and a 200 day moving average price of $8.66. Talos Energy Inc. has a 1 year low of $6.23 and a 1 year high of $12.71. 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 stock has a market cap of $1.70 billion, a P/E ratio of -10.04 and a beta of 0.74.

Talos Energy (NYSE:TALO) last posted its earnings results on Friday, January 6th. The company reported $0.45 EPS for the quarter. The company 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%. Equities research analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current year.

Insider Transactions at Talos Energy

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 transaction of $59,680.71. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

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

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.