KBC Group NV Grows Stock Holdings in Talos Energy Inc. (NYSE:TALO)

KBC Group NV grew its holdings in Talos Energy Inc. (NYSE:TALO) by 46.1% during the fourth quarter, HoldingsChannel reports. The firm owned 7,970 shares of the company’s stock after acquiring an additional 2,515 shares during the period. KBC Group NV’s holdings in Talos Energy were worth $77,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Virtus Investment Advisers Inc. purchased a new position in Talos Energy in the 3rd quarter worth approximately $31,000. US Bancorp DE raised its position in shares of Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after buying an additional 1,827 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Talos Energy during the 3rd quarter valued at approximately $75,000. FMR LLC raised its position in shares of Talos Energy by 119.2% during the 3rd quarter. FMR LLC now owns 10,395 shares of the company’s stock valued at $108,000 after buying an additional 5,653 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Talos Energy by 182.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock valued at $106,000 after buying an additional 7,026 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TALO has been the topic of several analyst reports. Stephens reduced their price target on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. initiated coverage on shares of Talos Energy in a research report on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target on the stock. Benchmark reaffirmed a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. Citigroup lifted their price target on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, KeyCorp dropped their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.83.

Talos Energy Stock Performance

NYSE:TALO opened at $9.23 on Monday. The company has a fifty day simple moving average of $10.01 and a two-hundred day simple moving average of $10.69. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 17.09 and a beta of 1.89. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy Inc. has a 52 week low of $8.89 and a 52 week high of $14.67.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The business had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The business’s revenue was up 32.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. As a group, equities analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

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.