Talos Energy Inc. (NYSE:TALO) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its position in shares of Talos Energy Inc. (NYSE:TALO) by 47.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,270 shares of the company’s stock after selling 2,045 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Talos Energy were worth $32,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sourcerock Group LLC grew its holdings in shares of Talos Energy by 9.7% during the 3rd quarter. Sourcerock Group LLC now owns 6,274,940 shares of the company’s stock worth $103,160,000 after purchasing an additional 552,423 shares during the period. Canada Pension Plan Investment Board grew its stake in Talos Energy by 17.2% during the third quarter. Canada Pension Plan Investment Board now owns 3,400,000 shares of the company’s stock worth $55,896,000 after buying an additional 500,000 shares during the period. Zweig DiMenna Associates LLC grew its stake in Talos Energy by 27.2% during the third quarter. Zweig DiMenna Associates LLC now owns 1,538,897 shares of the company’s stock worth $25,299,000 after buying an additional 329,275 shares during the period. American Century Companies Inc. increased its position in shares of Talos Energy by 18.3% in the third quarter. American Century Companies Inc. now owns 1,389,805 shares of the company’s stock worth $22,848,000 after acquiring an additional 215,065 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Talos Energy by 7.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,222,273 shares of the company’s stock valued at $20,094,000 after acquiring an additional 82,243 shares during the period. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital purchased 468,729 shares of the stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $12.77 per share, for a total transaction of $5,985,669.33. Following the acquisition, the insider now owns 35,216,510 shares of the company’s stock, valued at $449,714,832.70. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.98% of the stock is currently owned by company insiders.

Talos Energy Stock Performance

Shares of TALO opened at $13.57 on Tuesday. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 8.38 and a beta of 2.01. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.46. Talos Energy Inc. has a 52-week low of $10.69 and a 52-week high of $17.59. The business’s 50 day moving average is $13.37 and its two-hundred day moving average is $13.81.

Talos Energy (NYSE:TALO) last issued its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.26). The company had revenue of $384.96 million during the quarter, compared to analyst estimates of $386.90 million. Talos Energy had a net margin of 12.85% and a return on equity of 0.76%. Analysts forecast that Talos Energy Inc. will post -0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on TALO shares. Benchmark reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Friday, April 12th. Citigroup assumed coverage on Talos Energy in a research note on Friday, March 22nd. They issued a “buy” rating and a $16.50 target price for the company. Stifel Nicolaus reissued a “buy” rating and set a $17.00 price target (down from $20.00) on shares of Talos Energy in a research report on Friday, March 22nd. Stephens reaffirmed an “overweight” rating and issued a $26.00 price objective on shares of Talos Energy in a research report on Monday. Finally, KeyCorp boosted their target price on shares of Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Monday. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $20.94.

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.