PNC Financial Services Group Inc. Acquires 7,164 Shares of Talos Energy Inc. $TALO

PNC Financial Services Group Inc. grew its stake in shares of Talos Energy Inc. (NYSE:TALO) by 91.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,969 shares of the company’s stock after purchasing an additional 7,164 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Talos Energy were worth $146,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TALO. GAMMA Investing LLC grew its holdings in Talos Energy by 360.9% during the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock worth $31,000 after acquiring an additional 2,501 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Talos Energy by 787.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock worth $44,000 after purchasing an additional 4,053 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Talos Energy by 2,601.0% in the 1st quarter. Parallel Advisors LLC now owns 5,321 shares of the company’s stock valued at $52,000 after buying an additional 5,124 shares in the last quarter. Signaturefd LLC boosted its stake in Talos Energy by 571.3% in the first quarter. Signaturefd LLC now owns 5,612 shares of the company’s stock valued at $55,000 after acquiring an additional 4,776 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Talos Energy during the 1st quarter valued at about $98,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analysts Set New Price Targets

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

Talos Energy Price Performance

TALO stock opened at $8.35 on Tuesday. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -8.60 and a beta of 0.81. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $12.71. The business has a fifty day moving average of $8.62 and a two-hundred day moving average of $8.42.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $424.72 million during the quarter, compared to the consensus estimate of $443.53 million. During the same quarter last year, the firm earned $0.03 EPS. The firm’s revenue for the quarter was down 22.7% on a year-over-year basis. As a group, research analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current year.

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.