AQR Capital Management LLC Acquires Shares of 50,039 Talos Energy Inc. (NYSE:TALO)

AQR Capital Management LLC bought a new stake in shares of Talos Energy Inc. (NYSE:TALO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 50,039 shares of the company’s stock, valued at approximately $608,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Talos Energy by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 7,920,081 shares of the company’s stock valued at $112,703,000 after buying an additional 332,489 shares during the period. Congress Asset Management Co. MA grew its position in Talos Energy by 1.0% during the first quarter. Congress Asset Management Co. MA now owns 375,382 shares of the company’s stock worth $5,229,000 after buying an additional 3,800 shares in the last quarter. State of Alaska Department of Revenue grew its position in Talos Energy by 32.8% during the first quarter. State of Alaska Department of Revenue now owns 82,113 shares of the company’s stock worth $1,143,000 after buying an additional 20,282 shares in the last quarter. Norden Group LLC purchased a new position in Talos Energy during the first quarter worth about $147,000. Finally, Maryland State Retirement & Pension System grew its position in Talos Energy by 33.0% during the first quarter. Maryland State Retirement & Pension System now owns 48,571 shares of the company’s stock worth $647,000 after buying an additional 12,043 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Insider Activity

In other news, insider Control Empresarial De Capital purchased 306,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $11.50 per share, for a total transaction of $3,519,000.00. Following the completion of the acquisition, the insider now owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have acquired 2,119,000 shares of company stock valued at $22,931,130. 0.77% of the stock is currently owned by insiders.

Talos Energy Price Performance

Shares of Talos Energy stock opened at $10.78 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 359.33 and a beta of 1.93. Talos Energy Inc. has a 52 week low of $9.81 and a 52 week high of $16.99. The stock’s 50-day simple moving average is $11.20 and its 200-day simple moving average is $11.86.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The company had revenue of $549.17 million for the quarter, compared to analysts’ expectations of $516.61 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 49.6% on a year-over-year basis. As a group, analysts expect that Talos Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on TALO. Stephens reiterated an “overweight” rating and set a $24.00 price objective on shares of Talos Energy in a research report on Wednesday, July 10th. The Goldman Sachs Group started coverage on Talos Energy in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 price target on the stock. Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Friday, September 27th. BMO Capital Markets dropped their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Finally, Mizuho started coverage on Talos Energy in a report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective for the company. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.15.

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.