SG Americas Securities LLC Takes $592,000 Position in Talos Energy Inc. (NYSE:TALO)

SG Americas Securities LLC bought a new position in shares of Talos Energy Inc. (NYSE:TALO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 61,003 shares of the company’s stock, valued at approximately $592,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bridgewater Associates LP acquired a new stake in Talos Energy during the 3rd quarter worth about $8,805,000. Philosophy Capital Management LLC grew its stake in Talos Energy by 37.8% during the third quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock worth $31,728,000 after purchasing an additional 841,414 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Talos Energy by 39.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,569,652 shares of the company’s stock worth $16,245,000 after purchasing an additional 442,620 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in Talos Energy by 28.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,129,757 shares of the company’s stock worth $11,693,000 after purchasing an additional 249,412 shares in the last quarter. Finally, Barclays PLC lifted its stake in Talos Energy by 21.9% in the third quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock valued at $12,149,000 after buying an additional 210,687 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Price Performance

TALO stock opened at $10.01 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The business has a 50-day simple moving average of $10.22 and a two-hundred day simple moving average of $10.80. The company has a market capitalization of $1.80 billion, a P/E ratio of 18.53 and a beta of 1.91. Talos Energy Inc. has a 52-week low of $8.89 and a 52-week high of $14.67.

Talos Energy (NYSE:TALO) last announced its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $509.29 million for the quarter, compared to analysts’ expectations of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. Research analysts expect that Talos Energy Inc. will post -0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on TALO. Citigroup raised their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Stephens reaffirmed an “overweight” rating and issued a $21.00 price target on shares of Talos Energy in a research note on Thursday, January 16th. KeyCorp dropped their price objective on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Benchmark restated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Tuesday, November 12th. Finally, BMO Capital Markets dropped their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Talos Energy currently has a consensus rating of “Moderate Buy” and an average target price of $15.94.

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.