Victory Capital Management Inc. Acquires New Shares in Talos Energy Inc (NYSE:TALO)

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Victory Capital Management Inc. acquired a new stake in shares of Talos Energy Inc (NYSE:TALO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,644 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG3 Management LLC acquired a new stake in shares of Talos Energy during the 1st quarter valued at $64,000. Point72 Hong Kong Ltd bought a new position in Talos Energy during the 2nd quarter worth $98,000. LSV Asset Management bought a new position in Talos Energy during the 2nd quarter worth $127,000. Aperio Group LLC acquired a new position in Talos Energy during the 2nd quarter valued at about $128,000. Finally, GSA Capital Partners LLP acquired a new position in Talos Energy during the 2nd quarter valued at about $233,000. 98.09% of the stock is currently owned by institutional investors.

TALO has been the subject of a number of analyst reports. Guggenheim set a $49.00 price target on Talos Energy and gave the company a “buy” rating in a research note on Wednesday, August 21st. ValuEngine upgraded Talos Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Roth Capital cut their price target on Talos Energy from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Zacks Investment Research downgraded Talos Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 24th. Finally, Northland Securities reiterated a “buy” rating and set a $32.00 price target on shares of Talos Energy in a research note on Sunday, September 1st. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.40.

Shares of NYSE TALO opened at $18.67 on Friday. Talos Energy Inc has a twelve month low of $14.60 and a twelve month high of $31.95. The stock’s 50 day moving average price is $20.76 and its 200-day moving average price is $23.67. The company has a market capitalization of $977.08 million, a PE ratio of 6.96 and a beta of 1.69. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.71.

Talos Energy (NYSE:TALO) last announced its earnings results on Wednesday, August 7th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.22. Talos Energy had a return on equity of 15.59% and a net margin of 30.24%. The firm had revenue of $286.81 million for the quarter, compared to the consensus estimate of $268.23 million. As a group, research analysts expect that Talos Energy Inc will post 2.14 EPS for the current fiscal year.

Talos Energy Profile

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

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Institutional Ownership by Quarter for Talos Energy (NYSE:TALO)

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