Jackson Creek Investment Advisors LLC Invests $439,000 in Talos Energy Inc. $TALO

Jackson Creek Investment Advisors LLC purchased a new position in Talos Energy Inc. (NYSE:TALOFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,816 shares of the company’s stock, valued at approximately $439,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TALO. Larson Financial Group LLC boosted its stake in Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after buying an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after buying an additional 2,123 shares during the last quarter. Quarry LP acquired a new position in Talos Energy during the third quarter worth $36,000. PNC Financial Services Group Inc. boosted its stake in Talos Energy by 22.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after buying an additional 1,049 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Talos Energy by 395.5% during the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after buying an additional 5,236 shares during the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TALO. Roth Mkm reissued a “neutral” rating and set a $16.00 price objective (up from $13.00) on shares of Talos Energy in a research note on Wednesday, April 8th. KeyCorp increased their price target on shares of Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. JPMorgan Chase & Co. increased their price target on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Weiss Ratings raised shares of Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Mizuho increased their price target on shares of Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.67.

Read Our Latest Report on Talos Energy

Insider Transactions at Talos Energy

In other news, insider Control Empresarial De Capital sold 339,568 shares of the stock in a transaction dated Wednesday, May 20th. The shares were 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 approximately $679,728,604.80. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 2,935,568 shares of company stock valued at $48,892,022 over the last 90 days. 0.36% of the stock is owned by insiders.

Talos Energy Stock Down 2.8%

Shares of NYSE TALO opened at $14.38 on Thursday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of -3.34 and a beta of 0.35. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.65. Talos Energy Inc. has a 52-week low of $7.67 and a 52-week high of $17.05. The business’s 50 day moving average is $15.31 and its two-hundred day moving average is $13.01.

Talos Energy (NYSE:TALOGet Free Report) last announced its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) 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 analyst estimates of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. Research analysts predict that Talos Energy Inc. will post 0.31 EPS for the current year.

Talos Energy Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Talos Energy (NYSE:TALO)

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