State of Alaska Department of Revenue Has $622,000 Stock Holdings in Talos Energy Inc. $TALO

State of Alaska Department of Revenue lifted its stake in shares of Talos Energy Inc. (NYSE:TALO) by 6.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 73,436 shares of the company’s stock after buying an additional 4,633 shares during the quarter. State of Alaska Department of Revenue’s holdings in Talos Energy were worth $622,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Talos Energy by 360.9% in the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company’s stock worth $31,000 after purchasing an additional 2,501 shares in the last quarter. Signaturefd LLC raised its stake in Talos Energy by 571.3% in the 1st quarter. Signaturefd LLC now owns 5,612 shares of the company’s stock worth $55,000 after purchasing an additional 4,776 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Talos Energy in the 1st quarter worth about $65,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Talos Energy in the 1st quarter worth about $98,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Talos Energy in the 1st quarter worth about $111,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

TALO has been the subject of several analyst reports. Wall Street Zen cut shares of Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Mizuho reiterated a “neutral” rating and issued a $11.00 price objective on shares of Talos Energy in a research note on Monday, September 15th. Capital One Financial began coverage on shares of Talos Energy in a research note on Monday, June 16th. They issued an “overweight” rating and a $14.00 price objective for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Talos Energy in a research report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Talos Energy has a consensus rating of “Moderate Buy” and an average price target of $14.43.

Insiders Place Their Bets

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is owned by insiders.

Talos Energy Trading Down 1.6%

TALO opened at $10.08 on Wednesday. Talos Energy Inc. has a fifty-two week low of $6.23 and a fifty-two week high of $12.71. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -10.39 and a beta of 0.74. The company’s 50 day moving average price is $9.18 and its two-hundred day moving average price is $8.57.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $443.53 million. During the same period in the previous year, the firm posted $0.03 EPS. The company’s revenue for the quarter was down 22.7% compared to the same quarter last year. As a group, research analysts predict 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.