Jump Financial LLC Makes New Investment in Talos Energy Inc. $TALO

Key Points

• Jump Financial LLC invested approximately $2.86 million in Talos Energy Inc. by acquiring 294,356 shares of the company in the first quarter, representing a 0.16% ownership.
• Talos Energy experienced mixed analyst ratings, with six analysts giving the stock a Buy rating and a consensus target price of $14.25.
• The company's stock has declined 0.3% and reported a quarterly revenue of $424.72 million, falling short of analyst estimates.

Jump Financial LLC bought a new position in Talos Energy Inc. (NYSE:TALO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 294,356 shares of the company's stock, valued at approximately $2,861,000. Jump Financial LLC owned about 0.16% of Talos Energy as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Talos Energy by 360.9% in the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock worth $31,000 after purchasing an additional 2,501 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Talos Energy by 2,601.0% in the 1st quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock worth $52,000 after purchasing an additional 5,124 shares during the last quarter. Signaturefd LLC increased its position in shares of Talos Energy by 571.3% in the 1st quarter. Signaturefd LLC now owns 5,612 shares of the company's stock worth $55,000 after purchasing an additional 4,776 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Talos Energy in the 1st quarter worth about $65,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Talos Energy in the 1st quarter worth about $98,000. Institutional investors own 89.35% of the company's stock.

Talos Energy Stock Performance

Shares of NYSE:TALO traded up $0.05 during trading on Friday, reaching $9.88. 2,680,882 shares of the company's stock traded hands, compared to its average volume of 2,716,744. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22. Talos Energy Inc. has a 12 month low of $6.23 and a 12 month high of $12.71. The company has a 50 day moving average of $8.63 and a 200-day moving average of $8.42. The stock has a market capitalization of $1.72 billion, a P/E ratio of -10.18 and a beta of 0.81.

Talos Energy (NYSE:TALO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.06. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The firm had revenue of $424.72 million during the quarter, compared to analysts' expectations of $443.53 million. During the same quarter in the prior year, the firm earned $0.03 EPS. Talos Energy's quarterly revenue was down 22.7% on a year-over-year basis. On average, equities analysts expect that Talos Energy Inc. will post -0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TALO. Mizuho dropped their target price on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Wall Street Zen downgraded shares of Talos Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Capital One Financial started coverage on shares of Talos Energy in a research report on Monday, June 16th. They set an "overweight" rating and a $14.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Talos Energy has a consensus rating of "Moderate Buy" and an average target price of $14.25.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.