2,094,452 Shares in Talos Energy Inc. $TALO Purchased by Webs Creek Capital Management LP

Webs Creek Capital Management LP acquired a new position in Talos Energy Inc. (NYSE:TALO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,094,452 shares of the company’s stock, valued at approximately $27,039,375. Talos Energy comprises 0.0% of Webs Creek Capital Management LP’s portfolio, making the stock its 13th biggest position. Webs Creek Capital Management LP owned 1.25% of Talos Energy at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TALO. BlackRock Inc. purchased a new position in Talos Energy during the 2nd quarter worth $256,801,000. Sourcerock Group LLC boosted its position in shares of Talos Energy by 11.0% during the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. Nuveen LLC boosted its position in Talos Energy by 341.7% during the fourth quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock worth $15,683,000 after acquiring an additional 1,100,967 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Talos Energy during the 2nd quarter worth approximately $12,875,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Talos Energy in the 2nd quarter valued at about $9,297,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TALO. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Zacks Research raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Mizuho lifted their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Citigroup lowered their price target on Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, Stephens reiterated an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Talos Energy has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Talos Energy Price Performance

Shares of TALO remained flat at $16.73 during mid-day trading on Friday. 666,848 shares of the stock were exchanged, compared to its average volume of 2,115,802. Talos Energy Inc. has a 12 month low of $8.87 and a 12 month high of $18.44. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of -7.03 and a beta of 0.35. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average of $14.74 and a two-hundred day moving average of $14.62.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The company had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. During the same quarter last year, the firm posted ($0.27) earnings per share. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. On average, equities research analysts expect that Talos Energy Inc. will post 1.21 earnings per share for the current fiscal year.

Talos Energy Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.