Amalgamated Bank Sells 9,752 Shares of Talos Energy Inc. (NYSE:TALO)

Amalgamated Bank decreased its position in Talos Energy Inc. (NYSE:TALO) by 20.7% during the third quarter, HoldingsChannel.com reports. The firm owned 37,411 shares of the company’s stock after selling 9,752 shares during the quarter. Amalgamated Bank’s holdings in Talos Energy were worth $387,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TALO. Signaturefd LLC boosted its stake in Talos Energy by 51.9% during 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 during the last quarter. Everence Capital Management Inc. lifted its holdings in shares of Talos Energy by 8.6% during the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock valued at $228,000 after purchasing an additional 1,740 shares in the last quarter. US Bancorp DE boosted its position in shares of Talos Energy by 113.3% during the third 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 last quarter. CIBC Asset Management Inc increased its holdings in Talos Energy by 13.8% in the 2nd quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock worth $185,000 after buying an additional 1,838 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Talos Energy by 91.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after buying an additional 2,235 shares during the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TALO shares. The Goldman Sachs Group began coverage on shares of Talos Energy in a report on Monday, July 22nd. They set a “buy” rating and a $14.00 price target on the stock. KeyCorp dropped their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. BMO Capital Markets decreased their target price on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Mizuho started coverage on Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Benchmark restated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.45.

Talos Energy Trading Down 3.3 %

Shares of TALO stock opened at $11.28 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.80. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 20.89 and a beta of 1.92. Talos Energy Inc. has a 1 year low of $9.44 and a 1 year high of $14.80. The firm has a fifty day moving average price of $10.79 and a 200-day moving average price of $11.32.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The business’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. As a group, equities analysts predict that Talos Energy Inc. will post -0.2 earnings per share for the current year.

Insider Activity

In other news, insider Control Empresarial De Capital acquired 323,000 shares of Talos Energy stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $10.84 per share, with a total value of $3,501,320.00. Following the completion of the purchase, the insider now directly owns 42,858,904 shares in the company, valued at approximately $464,590,519.36. This trade represents a 0.76 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 1,220,000 shares of company stock valued at $13,135,560 in the last ninety days. 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.