Pinnacle Holdings LLC acquired a new stake in Talos Energy Inc. (NYSE:TALO – Free Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 123,880 shares of the company’s stock, valued at approximately $1,599,000.
Several other hedge funds and other institutional investors have also modified their holdings of TALO. BlackRock Inc. bought a new position in Talos Energy during the second quarter worth $256,801,000. Sourcerock Group LLC raised its stake in Talos Energy by 11.0% during the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Talos Energy by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock valued at $149,234,000 after purchasing an additional 501,552 shares during the period. Geode Capital Management LLC boosted its holdings in Talos Energy by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock valued at $33,682,000 after purchasing an additional 141,518 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Talos Energy by 25.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after purchasing an additional 592,509 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on TALO. Mizuho boosted their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings cut shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Stephens reissued an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. Finally, Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.50.
Talos Energy Stock Up 0.1%
Shares of TALO stock opened at $17.49 on Monday. Talos Energy Inc. has a one year low of $8.71 and a one year high of $18.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a fifty day moving average price of $14.51 and a 200 day moving average price of $14.49. The stock has a market cap of $2.92 billion, a P/E ratio of -7.35 and a beta of 0.35.
Talos Energy (NYSE:TALO – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.21. The firm had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) EPS. Analysts predict that Talos Energy Inc. will post 1.21 earnings per share for the current year.
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.
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