Bailard Inc. Purchases New Holdings in Talos Energy Inc. (NYSE:TALO)

Bailard Inc. acquired a new stake in shares of Talos Energy Inc. (NYSE:TALO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,500 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TALO. State of New Jersey Common Pension Fund D boosted its holdings in shares of Talos Energy by 25.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 181,473 shares of the company’s stock worth $2,582,000 after buying an additional 36,890 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Talos Energy by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock worth $89,474,000 after buying an additional 669,552 shares during the last quarter. Natixis purchased a new position in shares of Talos Energy in the first quarter worth approximately $768,000. Vanguard Group Inc. boosted its holdings in shares of Talos Energy by 23.7% in the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after buying an additional 1,873,537 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Talos Energy in the first quarter worth approximately $1,066,000. 89.35% of the stock is currently owned by institutional investors.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital bought 306,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $11.50 per share, with a total value of $3,519,000.00. Following the completion of the acquisition, the insider now owns 38,528,904 shares of the company’s stock, valued at $443,082,396. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have purchased 1,199,000 shares of company stock valued at $13,035,570. 0.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TALO. The Goldman Sachs Group began coverage on shares of Talos Energy in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Thursday, August 8th. Finally, Stephens reaffirmed an “overweight” rating and set a $24.00 price target on shares of Talos Energy in a report on Wednesday, July 10th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $20.31.

Talos Energy Price Performance

TALO stock opened at $11.77 on Wednesday. Talos Energy Inc. has a one year low of $9.81 and a one year high of $17.59. The company’s fifty day moving average price is $11.60 and its 200-day moving average price is $12.35. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $2.16 billion, a PE ratio of 168.14 and a beta of 1.95.

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The firm had revenue of $549.17 million for the quarter, compared to the consensus estimate of $516.61 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The company’s quarterly revenue was up 49.6% compared to the same quarter last year. On average, equities analysts anticipate that Talos Energy Inc. will post -0.14 EPS for the current fiscal year.

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.