44,892 Shares in Talos Energy Inc. $TALO Purchased by Summit Global Investments

Summit Global Investments bought a new position in Talos Energy Inc. (NYSE:TALO) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 44,892 shares of the company’s stock, valued at approximately $580,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TALO. Royal Bank of Canada grew its stake in shares of Talos Energy by 11.8% in the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after acquiring an additional 3,007 shares during the period. AQR Capital Management LLC raised its holdings in shares of Talos Energy by 152.1% during the first quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock valued at $884,000 after purchasing an additional 54,854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Talos Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after purchasing an additional 3,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Talos Energy by 16.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock valued at $21,224,000 after purchasing an additional 304,205 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Talos Energy by 132.7% in the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock worth $3,279,000 after purchasing an additional 220,502 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Up 2.0%

Shares of TALO stock opened at $15.76 on Friday. Talos Energy Inc. has a 12 month low of $8.04 and a 12 month high of $17.05. The stock has a market cap of $2.63 billion, a P/E ratio of -6.62 and a beta of 0.35. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The company has a 50 day simple moving average of $14.30 and a two-hundred day simple moving average of $14.29.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $577.92 million. During the same period last year, the firm earned ($0.27) earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis. On average, research analysts expect that Talos Energy Inc. will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TALO has been the subject of a number of research reports. Citigroup decreased their target price on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Stephens restated an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Wednesday, July 1st. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Mizuho upped their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. increased their target price on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital sold 339,568 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 40,460,036 shares of the company’s stock, valued at approximately $679,728,604.80. This trade represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.51% of the company’s stock.

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.