Healthcare of Ontario Pension Plan Trust Fund Makes New $1.65 Million Investment in Talos Energy Inc. $TALO

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Talos Energy Inc. (NYSE:TALO) in the first quarter, HoldingsChannel.com reports. The firm bought 104,596 shares of the company’s stock, valued at approximately $1,648,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in shares of Talos Energy by 142.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after buying an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after acquiring an additional 2,123 shares during the last quarter. Quarry LP bought a new position in Talos Energy in the third quarter valued at about $36,000. PNC Financial Services Group Inc. lifted its holdings in Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after acquiring an additional 1,049 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Talos Energy by 395.5% in the second 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 during the last quarter. 89.35% of the stock is owned by institutional investors.

Talos Energy Stock Performance

NYSE:TALO opened at $15.13 on Friday. The stock has a 50-day simple moving average of $14.31 and a two-hundred day simple moving average of $14.04. Talos Energy Inc. has a 52-week low of $7.67 and a 52-week high of $17.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $2.53 billion, a PE ratio of -3.51 and a beta of 0.34.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The business had revenue of $472.31 million during the quarter, compared to analysts’ expectations of $446.39 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The business’s quarterly revenue was down 7.9% on a year-over-year basis. Analysts forecast that Talos Energy Inc. will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TALO. Citigroup cut their price target 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. Mizuho raised their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. boosted 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. Stephens reaffirmed an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. Finally, Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.50.

Insider Activity

In related news, insider Control Empresarial De Capital sold 339,568 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total value of $5,704,742.40. Following the completion of the sale, the insider directly owned 40,460,036 shares of the company’s stock, valued at approximately $679,728,604.80. This represents a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.51% of the company’s stock.

About Talos Energy

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.