Jupiter Topco LLC Takes Position in Talos Energy Inc. $TALO

Jupiter Topco LLC purchased a new stake in shares of Talos Energy Inc. (NYSE:TALO) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 59,624 shares of the company’s stock, valued at approximately $770,000.

A number of other institutional investors have also added to or reduced their stakes in TALO. Hsbc Holdings PLC bought a new position in Talos Energy in the 2nd quarter valued at approximately $368,000. PDT Partners LLC bought a new stake in shares of Talos Energy during the second quarter worth $579,000. Canada Pension Plan Investment Board acquired a new position in shares of Talos Energy during the second quarter worth $51,874,000. Legal & General Group Plc acquired a new position in shares of Talos Energy during the second quarter worth $3,546,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Talos Energy in the 2nd quarter valued at $867,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Performance

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

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.Talos Energy’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.27) earnings per share. Sell-side analysts forecast that Talos Energy Inc. will post 1.4 EPS for the current year.

Insider Activity

In related news, insider John B. Spath sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $16.90, for a total value of $1,521,000.00. Following the sale, the insider directly owned 178,788 shares in the company, valued at $3,021,517.20. This represents a 33.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gregory Babcock sold 61,307 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 84,509 shares of the company’s stock, valued at $1,414,680.66. This represents a 42.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 271,307 shares of company stock valued at $4,625,679. Company insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

TALO has been the topic of a number of research reports. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Citigroup cut their price target on Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Zacks Research upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Talos Energy currently has an average rating of “Moderate Buy” and an average price target of $18.50.

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.