Jefferies Financial Group Inc. Purchases Shares of 185,300 Talos Energy Inc. $TALO

Key Points

• Jefferies Financial Group purchased 185,300 Talos Energy shares worth approximately $2.39 million, giving it a 0.11% stake. Institutional investors collectively own 89.35% of the company.
• Talos Energy reported quarterly EPS of $0.57, beating estimates of $0.36, while revenue rose 56.5% year over year to $664.81 million. Despite the strong quarter, the company posted a negative net margin of 20.46%.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $18.50, versus the stock’s reported opening price of $16.70.

Jefferies Financial Group Inc. bought a new position in shares of Talos Energy Inc. (NYSE:TALO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 185,300 shares of the company's stock, valued at approximately $2,392,000. Jefferies Financial Group Inc. owned approximately 0.11% of Talos Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of 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 purchasing an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Talos Energy by 134.4% during the 2nd 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 shares of Talos Energy during the 3rd quarter worth about $36,000. PNC Financial Services Group Inc. boosted its position in shares of Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company's stock worth $54,000 after acquiring an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Talos Energy by 395.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company's stock valued at $56,000 after acquiring an additional 5,236 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Talos Energy Price Performance

Shares of NYSE TALO opened at $16.70 on Friday. The stock has a fifty day moving average price of $14.80 and a 200 day moving average price of $14.63. Talos Energy Inc. has a 1-year low of $8.87 and a 1-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 company has a market cap of $2.79 billion, a PE ratio of -7.02 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 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The company had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. During the same quarter in the prior year, the firm earned ($0.27) EPS. Talos Energy's quarterly revenue was up 56.5% on a year-over-year basis. Sell-side analysts forecast that Talos Energy Inc. will post 1.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TALO shares. Zacks Research raised Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Citigroup cut their price objective on shares of Talos Energy from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Weiss Ratings downgraded shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Finally, Stephens reaffirmed an "overweight" rating and issued a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.

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