Louisiana State Employees Retirement System Has $622,000 Stock Holdings in Talos Energy Inc. (NYSE:TALO)

Louisiana State Employees Retirement System cut its stake in shares of Talos Energy Inc. (NYSE:TALO) by 23.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,100 shares of the company’s stock after selling 18,600 shares during the period. Louisiana State Employees Retirement System’s holdings in Talos Energy were worth $622,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its position in shares of Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after buying an additional 917 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Talos Energy in the first quarter valued at approximately $50,000. Nisa Investment Advisors LLC lifted its position in shares of 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 buying an additional 2,235 shares during the last quarter. Sandia Investment Management LP acquired a new stake in shares of Talos Energy in the first quarter valued at approximately $70,000. Finally, Regent Peak Wealth Advisors LLC acquired a new stake in shares of Talos Energy in the third quarter valued at approximately $118,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TALO. Stephens reaffirmed an “overweight” rating and issued a $24.00 price objective on shares of Talos Energy in a research report on Wednesday, July 10th. Benchmark reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Friday, September 27th. The Goldman Sachs Group started coverage on Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target for the company. KeyCorp lowered their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Mizuho started coverage on shares of Talos Energy in a research report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.65.

Talos Energy Trading Up 4.2 %

TALO opened at $10.90 on Wednesday. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 360.33 and a beta of 1.92. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. Talos Energy Inc. has a twelve month low of $9.44 and a twelve month high of $15.48. The company has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $11.44.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.16. The company had revenue of $549.17 million during the quarter, compared to the consensus estimate of $516.61 million. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The firm’s quarterly revenue was up 49.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 EPS. Analysts predict that Talos Energy Inc. will post -0.2 EPS for the current fiscal year.

Insider Buying and Selling at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital bought 323,000 shares of Talos Energy stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $10.84 per share, with a total value of $3,501,320.00. Following the acquisition, the insider now owns 42,858,904 shares in the company, valued at $464,590,519.36. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 1,220,000 shares of company stock worth $13,135,560 over the last three months. Corporate insiders own 0.77% of the company’s stock.

About Talos Energy

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.