Jupiter Topco LLC Purchases Shares of 59,624 Talos Energy Inc. $TALO

Jupiter Topco LLC purchased a new position in shares of Talos Energy Inc. (NYSE:TALO) in the second quarter, HoldingsChannel.com reports. The firm purchased 59,624 shares of the company’s stock, valued at approximately $770,000.

Several other hedge funds have also recently made changes to their positions in TALO. De Lisle Partners LLP bought a new stake in Talos Energy in the second quarter worth approximately $2,144,000. Tejara Capital Ltd bought a new position in shares of Talos Energy during the 4th quarter worth approximately $2,910,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Talos Energy by 394,736.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock worth $4,729,000 after buying an additional 300,000 shares in the last quarter. Webs Creek Capital Management LP acquired a new stake in shares of Talos Energy during the 2nd quarter worth approximately $27,039,375. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Talos Energy by 22.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 459,477 shares of the company’s stock worth $7,241,000 after buying an additional 85,450 shares during the period. 89.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TALO shares. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Citigroup reduced their price target on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a report on Monday, July 20th. JPMorgan Chase & Co. lifted their price target on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Mizuho raised 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. One research 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Talos Energy Price Performance

Shares of TALO opened at $16.84 on Monday. Talos Energy Inc. has a 12-month low of $8.87 and a 12-month high of $18.44. The business’s fifty day moving average is $15.14 and its 200 day moving average is $14.79. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2.81 billion, a P/E ratio of -7.08 and a beta of 0.36.

Talos Energy (NYSE:TALO) last announced 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 business had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. During the same quarter in the previous year, the business posted ($0.27) EPS. Talos Energy’s quarterly revenue was up 56.5% on a year-over-year basis. Sell-side analysts anticipate that Talos Energy Inc. will post 1.4 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Gregory Babcock sold 61,307 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.74, for a total transaction of $1,026,279.18. Following the completion of the sale, the insider directly owned 84,509 shares of the company’s stock, valued at $1,414,680.66. The trade was a 42.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William S. Moss III sold 120,000 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the completion of the sale, the insider owned 305,117 shares in the company, valued at $5,284,626.44. This represents a 28.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 271,307 shares of company stock worth $4,625,679 over the last three months. 0.51% of the stock is currently owned by insiders.

Talos Energy Company 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.