Talos Energy Inc. (NYSE:TALO) Position Increased by Pinnacle Holdings LLC

Pinnacle Holdings LLC raised its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 2.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,378 shares of the company’s stock after buying an additional 3,493 shares during the period. Pinnacle Holdings LLC’s holdings in Talos Energy were worth $1,209,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Talos Energy by 1.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,413 shares of the company’s stock worth $800,000 after purchasing an additional 1,403 shares during the period. Aquatic Capital Management LLC boosted its stake in Talos Energy by 2.9% in the 4th quarter. Aquatic Capital Management LLC now owns 60,696 shares of the company’s stock worth $589,000 after purchasing an additional 1,696 shares during the period. MetLife Investment Management LLC boosted its stake in Talos Energy by 2.5% in the 4th quarter. MetLife Investment Management LLC now owns 87,672 shares of the company’s stock worth $851,000 after purchasing an additional 2,167 shares during the period. GAMMA Investing LLC boosted its stake in Talos Energy by 360.9% in the 1st 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 period. Finally, Hsbc Holdings PLC boosted its stake in Talos Energy by 19.4% in the 4th quarter. Hsbc Holdings PLC now owns 22,362 shares of the company’s stock worth $219,000 after purchasing an additional 3,637 shares during the period. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Stock Down 1.3%

TALO stock opened at $8.23 on Friday. Talos Energy Inc. has a 12-month low of $6.23 and a 12-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. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -8.48 and a beta of 0.81. The company has a 50 day moving average of $8.62 and a two-hundred day moving average of $8.45.

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.06. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The company had revenue of $424.72 million during the quarter, compared to the consensus estimate of $443.53 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The company’s revenue was down 22.7% compared to the same quarter last year. On average, equities analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TALO shares. Mizuho decreased their price objective on shares of Talos Energy from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Tuesday, May 13th. KeyCorp decreased their price objective on shares of Talos Energy from $16.00 to $12.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Wall Street Zen lowered shares of Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Capital One Financial started coverage on shares of Talos Energy in a research note on Monday, June 16th. They issued an “overweight” rating and a $14.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.25.

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.