Mackay Shields LLC Has $52.99 Million Stock Position in Talos Energy Inc. (NYSE:TALO)

Mackay Shields LLC reduced its stake in Talos Energy Inc. (NYSE:TALO) by 0.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,388,354 shares of the company’s stock after selling 18,813 shares during the quarter. Mackay Shields LLC owned about 4.14% of Talos Energy worth $52,994,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TALO. Alliancebernstein L.P. lifted its stake in Talos Energy by 2.9% in the first quarter. Alliancebernstein L.P. now owns 56,367 shares of the company’s stock valued at $679,000 after buying an additional 1,587 shares during the period. Rhumbline Advisers increased its holdings in shares of Talos Energy by 24.9% during the first quarter. Rhumbline Advisers now owns 87,502 shares of the company’s stock valued at $1,054,000 after acquiring an additional 17,456 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Talos Energy by 198.9% during the first quarter. BNP Paribas Arbitrage SA now owns 10,262 shares of the company’s stock valued at $124,000 after acquiring an additional 6,829 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Talos Energy by 27.0% during the first quarter. BlackRock Inc. now owns 5,089,069 shares of the company’s stock valued at $61,271,000 after acquiring an additional 1,081,385 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Talos Energy by 35.5% during the first quarter. Principal Financial Group Inc. now owns 217,868 shares of the company’s stock valued at $2,623,000 after acquiring an additional 57,104 shares in the last quarter. 88.97% of the stock is currently owned by institutional investors.

In other Talos Energy news, major shareholder Apollo Management Holdings Gp, sold 66,493 shares of the business’s stock in a transaction that occurred on Monday, September 27th. The stock was sold at an average price of $14.12, for a total value of $938,881.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Several research firms have recently commented on TALO. Citigroup decreased their price objective on Talos Energy from $19.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, September 9th. Stifel Nicolaus decreased their price target on Talos Energy from $19.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Zacks Investment Research downgraded Talos Energy from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $15.50.

Shares of TALO traded down $0.10 during trading hours on Thursday, reaching $12.51. 2,095 shares of the company’s stock traded hands, compared to its average volume of 860,050. The stock has a market cap of $1.02 billion, a PE ratio of -1.33 and a beta of 3.45. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.42. The firm’s 50 day simple moving average is $12.24 and its 200-day simple moving average is $13.04. Talos Energy Inc. has a 12 month low of $5.71 and a 12 month high of $18.93.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, August 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.10). The business had revenue of $303.77 million for the quarter, compared to the consensus estimate of $257.94 million. Talos Energy had a negative net margin of 82.72% and a negative return on equity of 10.97%. As a group, analysts expect that Talos Energy Inc. will post 0.16 earnings per share for the current fiscal year.

Talos Energy Profile

Talos Energy, Inc operates as a holding company. The firm engages in the exploration and production of oil and natural gas. It focuses on the exploration, acquisition, exploitation and development of shallow and deepwater assets near existing infrastructure in the United State Gulf of Mexico. The company was founded by John A.

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Institutional Ownership by Quarter for Talos Energy (NYSE:TALO)

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