Peregrine Capital Management LLC Has $6.57 Million Stock Holdings in Talos Energy Inc. (NYSE:TALO)

Peregrine Capital Management LLC decreased its position in Talos Energy Inc. (NYSE:TALO) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 540,713 shares of the company’s stock after selling 1,874 shares during the period. Peregrine Capital Management LLC’s holdings in Talos Energy were worth $6,570,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TALO. Quadrant Capital Group LLC lifted its position in Talos Energy by 44.3% during the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after buying an additional 1,731 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Talos Energy by 91.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after purchasing an additional 2,235 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Talos Energy by 7.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,848 shares of the company’s stock worth $411,000 after purchasing an additional 2,314 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Talos Energy by 23.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 13,717 shares of the company’s stock worth $191,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Talos Energy during the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital purchased 250,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was purchased at an average cost of $11.40 per share, with a total value of $2,850,000.00. Following the completion of the purchase, the insider now owns 38,222,904 shares in the company, valued at approximately $435,741,105.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders purchased 1,199,000 shares of company stock valued at $13,035,570. Corporate insiders own 0.77% of the company’s stock.

Talos Energy Trading Down 3.9 %

Shares of TALO traded down $0.47 during trading hours on Friday, hitting $11.47. 3,239,428 shares of the stock were exchanged, compared to its average volume of 2,031,476. Talos Energy Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $17.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50-day moving average of $11.64 and a 200-day moving average of $12.33. The firm has a market capitalization of $2.11 billion, a P/E ratio of 163.86 and a beta of 1.95.

Talos Energy (NYSE:TALO) last posted 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 net margin of 0.93% and a negative return on equity of 0.21%. The company had revenue of $549.17 million during the quarter, compared to analysts’ expectations of $516.61 million. During the same period in the prior year, the company posted $0.06 earnings per share. Talos Energy’s revenue for the quarter was up 49.6% compared to the same quarter last year. On average, research analysts expect that Talos Energy Inc. will post -0.14 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TALO. Stephens reaffirmed an “overweight” rating and set a $24.00 price target on shares of Talos Energy in a report on Wednesday, July 10th. The Goldman Sachs Group started coverage on shares of Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Thursday, August 8th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $20.31.

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.