Quantbot Technologies LP Takes Position in Talos Energy Inc. $TALO

Key Points

• Quantbot Technologies acquired 68,691 shares of Talos Energy in the second quarter, worth approximately $887,000. Institutional investors and hedge funds collectively own 89.35% of the company.
• Analyst sentiment is broadly positive, with Talos Energy holding a consensus “Moderate Buy” rating and an average price target of $18.50. Ratings range from Strong Buy to Sell.
• Talos reported quarterly EPS of $0.57, beating estimates of $0.36, while revenue reached $664.81 million—up 56.5% year over year and above forecasts.

Quantbot Technologies LP acquired a new position in Talos Energy Inc. (NYSE:TALO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 68,691 shares of the company's stock, valued at approximately $887,000.

A number of other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC boosted 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 purchasing an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company's stock worth $32,000 after purchasing an additional 2,123 shares during the last quarter. Quarry LP bought a new stake in shares of Talos Energy in the 3rd quarter valued at approximately $36,000. PNC Financial Services Group Inc. increased its holdings in Talos Energy by 22.7% in 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 increased its holdings in 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 buying an additional 5,236 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TALO shares. JPMorgan Chase & Co. lifted their target price 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. Wall Street Zen upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. Mizuho lifted their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, May 27th. Finally, Citigroup decreased their price objective on shares of Talos Energy from $20.00 to $18.00 and set a "buy" rating for the company in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Talos Energy presently has a consensus rating of "Moderate Buy" and an average price target of $18.50.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $16.73 on Thursday. The business has a 50 day moving average price of $14.68 and a 200 day moving average price of $14.59. Talos Energy Inc. has a twelve month low of $8.87 and a twelve month high of $18.44. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -7.03 and a beta of 0.35. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $577.92 million. During the same quarter last year, the firm posted ($0.27) EPS. The company's revenue was up 56.5% on a year-over-year basis. Research 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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