Louisiana State Employees Retirement System Buys Shares of 55,800 Talos Energy Inc. $TALO

Louisiana State Employees Retirement System bought a new position in shares of Talos Energy Inc. (NYSE:TALO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 55,800 shares of the company’s stock, valued at approximately $879,000.

A number of other large investors also recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of Talos Energy by 11.8% during the 1st quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock valued at $278,000 after buying an additional 3,007 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Talos Energy by 152.1% in the first quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock worth $884,000 after acquiring an additional 54,854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Talos Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after acquiring an additional 3,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Talos Energy by 16.2% in 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 acquiring an additional 304,205 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Talos Energy by 132.7% during the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock valued at $3,279,000 after purchasing an additional 220,502 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of Talos Energy stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the sale, the insider owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. The trade was a 0.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Talos Energy Price Performance

NYSE TALO opened at $13.60 on Monday. The company has a 50-day moving average price of $14.83 and a two-hundred day moving average price of $13.59. Talos Energy Inc. has a 52 week low of $7.67 and a 52 week high of $17.05. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -3.16 and a beta of 0.34. 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 released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The company had revenue of $472.31 million for the quarter, compared to analysts’ expectations of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. Analysts forecast that Talos Energy Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on TALO shares. Mizuho increased their price target on Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen lowered Talos Energy from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Roth Mkm upgraded Talos Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Citigroup increased their target price on Talos Energy from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Stephens reiterated an “overweight” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.83.

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.