Quantbot Technologies LP Takes Position in Talos Energy Inc. $TALO

Quantbot Technologies LP bought a new stake in Talos Energy Inc. (NYSE:TALO) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 68,691 shares of the company’s stock, valued at approximately $887,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after acquiring an additional 1,942 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after acquiring an additional 2,123 shares during the period. Quarry LP bought a new stake in shares of Talos Energy in the 3rd quarter worth approximately $36,000. PNC Financial Services Group Inc. grew its holdings in shares of Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after purchasing an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Talos Energy by 395.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after purchasing an additional 5,236 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Stock Up 1.4%

Shares of NYSE:TALO opened at $16.73 on Thursday. The company’s fifty day moving average is $14.68 and its 200-day moving average is $14.59. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. Talos Energy Inc. has a 52 week low of $8.87 and a 52 week high of $18.44. The company has a market capitalization of $2.79 billion, a PE ratio of -7.03 and a beta of 0.35.

Talos Energy (NYSE:TALO) last announced its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping 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 business had revenue of $664.81 million during the quarter, compared to analysts’ expectations of $577.92 million. During the same quarter last year, the company posted ($0.27) EPS. The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. Equities research analysts predict that Talos Energy Inc. will post 1.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citigroup cut their target price on Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $16.00 to $17.00 in a report on Wednesday, July 1st. JPMorgan Chase & Co. lifted their target price on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Finally, Zacks Research raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Talos Energy presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

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.