Canada Pension Plan Investment Board Purchases Shares of 4,018,100 Talos Energy Inc. $TALO

Key Points

• Canada Pension Plan Investment Board acquired 4,018,100 Talos Energy shares worth approximately $51.9 million, representing a 2.41% stake. Institutional investors collectively own 89.35% of the company.
• Talos Energy reported quarterly earnings of $0.57 per share, beating estimates of $0.36, while revenue rose 56.5% year over year to $664.81 million.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $18.50, versus the stock’s reported opening price of $16.80.

Canada Pension Plan Investment Board acquired a new stake in shares of Talos Energy Inc. (NYSE:TALO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,018,100 shares of the company's stock, valued at approximately $51,874,000. Canada Pension Plan Investment Board owned 2.41% of Talos Energy as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Larson Financial Group LLC grew its position in Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company's stock valued at $32,000 after acquiring an additional 1,942 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company's stock valued at $32,000 after purchasing an additional 2,123 shares in the last quarter. Quarry LP acquired a new position in Talos Energy during the third quarter valued at approximately $36,000. PNC Financial Services Group Inc. grew 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 period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company's stock worth $56,000 after acquiring an additional 5,236 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Stock Performance

Shares of Talos Energy stock opened at $16.80 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. Talos Energy Inc. has a 1 year low of $8.87 and a 1 year high of $18.44. The firm's 50-day simple moving average is $14.74 and its 200-day simple moving average is $14.62. The firm has a market cap of $2.81 billion, a PE ratio of -7.06 and a beta of 0.35.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The firm had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. During the same period in the previous year, the company earned ($0.27) earnings per share. Talos Energy's quarterly revenue was up 56.5% on a year-over-year basis. Equities analysts forecast that Talos Energy Inc. will post 1.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TALO. Roth Capital upgraded shares of Talos Energy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Weiss Ratings lowered Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. upped their target price on Talos Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 13th. Stephens reiterated an "overweight" rating and set a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. Finally, Mizuho boosted 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. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Talos Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

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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