Entropy Technologies LP Increases Stock Position in Talos Energy Inc. (NYSE:TALO)

Entropy Technologies LP lifted its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 101.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,149 shares of the company’s stock after purchasing an additional 21,225 shares during the period. Entropy Technologies LP’s holdings in Talos Energy were worth $436,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TALO. Signaturefd LLC grew its holdings in shares of Talos Energy by 51.9% during the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after buying an additional 917 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after purchasing an additional 1,827 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Talos Energy in the first quarter valued at $50,000. Nisa Investment Advisors LLC increased its stake in Talos Energy by 91.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after purchasing an additional 2,235 shares during the last quarter. Finally, Sandia Investment Management LP acquired a new stake in Talos Energy in the 1st quarter worth about $70,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital acquired 100,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was bought at an average cost of $10.31 per share, with a total value of $1,031,000.00. Following the acquisition, the insider now directly owns 43,545,604 shares in the company, valued at approximately $448,955,177.24. The trade was a 0.23 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 1,220,000 shares of company stock worth $13,135,560 in the last 90 days. 0.77% of the stock is owned by corporate insiders.

Talos Energy Trading Down 3.3 %

TALO opened at $11.28 on Friday. The firm has a market capitalization of $2.03 billion, a P/E ratio of 20.89 and a beta of 1.92. The firm’s 50 day moving average is $10.79 and its 200-day moving average is $11.34. The company has a quick ratio of 0.80, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy Inc. has a 52-week low of $9.44 and a 52-week high of $14.80.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 32.9% compared to the same quarter last year. Analysts expect that Talos Energy Inc. will post -0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TALO shares. BMO Capital Markets decreased their target price on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Mizuho initiated coverage on Talos Energy in a research report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price on the stock. Benchmark reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Tuesday. Citigroup boosted their target price on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday. Finally, KeyCorp cut their price target 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. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $18.45.

Talos Energy Company Profile

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.