Atom Investors LP Raises Holdings in Talos Energy Inc. $TALO

Atom Investors LP lifted its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 141.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 363,999 shares of the company’s stock after acquiring an additional 212,971 shares during the period. Atom Investors LP’s holdings in Talos Energy were worth $4,011,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Verition Fund Management LLC boosted its position in Talos Energy by 1.6% in the fourth quarter. Verition Fund Management LLC now owns 165,636 shares of the company’s stock valued at $1,825,000 after buying an additional 2,585 shares during the last quarter. Dockside LLC purchased a new stake in Talos Energy in the fourth quarter valued at approximately $883,000. Barclays PLC boosted its position in Talos Energy by 59.1% in the fourth quarter. Barclays PLC now owns 803,139 shares of the company’s stock valued at $8,851,000 after buying an additional 298,201 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Talos Energy by 8.9% in the fourth quarter. Kestra Advisory Services LLC now owns 30,492 shares of the company’s stock valued at $336,000 after buying an additional 2,492 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in Talos Energy by 7.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 110,277 shares of the company’s stock valued at $1,215,000 after buying an additional 8,064 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Trading Down 0.4%

Talos Energy stock opened at $13.81 on Wednesday. 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 Inc. has a 12 month low of $7.67 and a 12 month high of $17.05. The stock’s 50 day simple moving average is $15.11 and its two-hundred day simple moving average is $13.40. The firm has a market cap of $2.30 billion, a PE ratio of -3.20 and a beta of 0.33.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) EPS 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 for the quarter, compared to analyst estimates of $446.39 million. During the same quarter in the prior year, the firm posted $0.06 EPS. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. Analysts anticipate that Talos Energy Inc. will post 0.41 earnings per share for the current year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total value of $5,704,742.40. Following the sale, the insider owned 40,460,036 shares in the company, valued at approximately $679,728,604.80. This represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 2,935,568 shares of company stock valued at $48,892,022. Corporate insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TALO shares. Weiss Ratings upgraded Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Mizuho upped their target price on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. KeyCorp upped their target price on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Citigroup upped their target price on Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded Talos Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 30th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Talos Energy presently has an average rating of “Hold” and an average target price of $18.40.

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.