Coppell Advisory Solutions LLC Acquires New Holdings in Talos Energy Inc. $TALO

Coppell Advisory Solutions LLC bought a new position in shares of Talos Energy Inc. (NYSE:TALO) in the second quarter, Holdings Channel reports. The firm bought 37,788 shares of the company’s stock, valued at approximately $488,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TALO. BlackRock Inc. bought a new position in shares of Talos Energy in the second quarter valued at approximately $256,801,000. Canada Pension Plan Investment Board acquired a new position in Talos Energy in the 2nd quarter valued at $51,874,000. Webs Creek Capital Management LP bought a new position in Talos Energy in the 2nd quarter worth $27,039,375. Empowered Funds LLC bought a new position in Talos Energy in the 2nd quarter worth $16,280,000. Finally, Sourcerock Group LLC lifted its position in 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 acquiring an additional 1,110,685 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Price Performance

NYSE:TALO opened at $17.21 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The company has a 50-day moving average of $15.07 and a 200-day moving average of $14.76. 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 $2.87 billion, a price-to-earnings ratio of -7.23 and a beta of 0.36.

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

Insider Activity at Talos Energy

In other Talos Energy news, insider John B. Spath sold 90,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $16.90, for a total value of $1,521,000.00. Following the sale, the insider directly owned 178,788 shares in the company, valued at $3,021,517.20. This represents a 33.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gregory Babcock sold 61,307 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $16.74, for a total value of $1,026,279.18. Following the completion of the sale, the insider owned 84,509 shares in the company, valued at $1,414,680.66. This trade represents a 42.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TALO has been the topic of several research analyst reports. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Citigroup cut their price objective 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. Mizuho increased their target price on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Stephens reaffirmed an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.