Talos Energy Inc. (NYSE:TALO) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Talos Energy Inc. (NYSE:TALO) by 39.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,569,652 shares of the company’s stock after purchasing an additional 442,620 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Talos Energy were worth $16,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TALO. Signaturefd LLC raised its position in Talos Energy by 51.9% in the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after purchasing an additional 917 shares in the last quarter. US Bancorp DE raised its holdings in Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after acquiring an additional 1,827 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Talos Energy by 91.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after acquiring an additional 2,235 shares during the last quarter. Regent Peak Wealth Advisors LLC acquired a new position in Talos Energy during the 3rd quarter worth approximately $118,000. Finally, CIBC Asset Management Inc increased its position in shares of Talos Energy by 13.8% in the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock valued at $185,000 after purchasing an additional 1,838 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TALO shares. Mizuho began coverage on shares of Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price objective for the company. BMO Capital Markets decreased their price target 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. Benchmark reaffirmed a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. KeyCorp cut their target price 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, Citigroup upped their price target on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.06.

Talos Energy Stock Down 1.0 %

Shares of NYSE TALO opened at $11.45 on Friday. The business has a 50-day moving average price of $10.84 and a 200 day moving average price of $11.28. The stock has a market cap of $2.06 billion, a PE ratio of 21.20 and a beta of 1.92. 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 $9.44 and a 52-week high of $14.77.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The firm had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. Talos Energy’s revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share. Equities research analysts forecast that Talos Energy Inc. will post -0.35 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital purchased 323,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $10.84 per share, for a total transaction of $3,501,320.00. Following the transaction, the insider now directly owns 42,858,904 shares of the company’s stock, valued at approximately $464,590,519.36. The trade was a 0.76 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired a total of 1,220,000 shares of company stock worth $13,135,560 in the last 90 days. Company 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.