Invesco Ltd. Purchases 260,781 Shares of Talos Energy Inc. $TALO

Invesco Ltd. grew its position in Talos Energy Inc. (NYSE:TALO) by 23.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,382,337 shares of the company’s stock after acquiring an additional 260,781 shares during the quarter. Invesco Ltd. owned 0.77% of Talos Energy worth $13,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of Talos Energy by 318.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company’s stock valued at $19,106,000 after purchasing an additional 1,497,472 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Talos Energy by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,720,357 shares of the company’s stock valued at $74,964,000 after purchasing an additional 763,631 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Talos Energy by 1,229.2% during the 4th quarter. Janus Henderson Group PLC now owns 792,528 shares of the company’s stock valued at $7,699,000 after purchasing an additional 732,904 shares during the last quarter. Sourcerock Group LLC increased its position in shares of Talos Energy by 3.6% during the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company’s stock valued at $92,738,000 after purchasing an additional 331,109 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. increased its position in shares of Talos Energy by 65.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 812,348 shares of the company’s stock valued at $7,888,000 after purchasing an additional 322,500 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Price Performance

Shares of TALO stock opened at $9.3450 on Friday. Talos Energy Inc. has a twelve month low of $6.23 and a twelve month high of $12.71. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -9.63 and a beta of 0.81. The stock has a fifty day simple moving average of $8.59 and a two-hundred day simple moving average of $8.41. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TALO shares. Wall Street Zen downgraded Talos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. 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. Finally, 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 target price on the stock. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Talos Energy 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.