Tejara Capital Ltd Buys New Position in Talos Energy Inc. $TALO

Tejara Capital Ltd bought a new stake in shares of Talos Energy Inc. (NYSE:TALO) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 264,100 shares of the company’s stock, valued at approximately $2,910,000. Talos Energy makes up about 0.7% of Tejara Capital Ltd’s portfolio, making the stock its 27th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in shares of Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after acquiring an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 2,123 shares in the last quarter. Quarry LP purchased a new stake in shares of Talos Energy in the 3rd quarter worth $36,000. PNC Financial Services Group Inc. raised its holdings in Talos Energy by 22.7% in 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 during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Talos Energy by 395.5% in 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 during the period. 89.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on TALO shares. Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Weiss Ratings raised Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Roth Mkm reaffirmed a “neutral” rating and set a $16.00 price objective (up from $13.00) on shares of Talos Energy in a research report on Wednesday, April 8th. Mizuho set a $17.00 price objective on Talos Energy in a research note on Wednesday, May 6th. Finally, Citigroup raised their target price on shares of Talos Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Talos Energy presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital sold 1,352,000 shares of the company’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the completion of the transaction, the insider owned 41,233,604 shares in the company, valued at approximately $687,776,514.72. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.36% of the company’s stock.

Talos Energy Stock Performance

NYSE:TALO opened at $15.44 on Friday. The stock has a 50-day moving average price of $14.87 and a 200 day moving average price of $12.62. The stock has a market capitalization of $2.58 billion, a P/E ratio of -3.58 and a beta of 0.35. Talos Energy Inc. has a 12-month low of $7.67 and a 12-month high of $17.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $446.39 million. During the same period in the prior year, the company posted $0.06 EPS. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. Equities research analysts forecast that Talos Energy Inc. will post 0.21 EPS for the current fiscal year.

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.