Talos Energy Inc. $TALO Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in shares of Talos Energy Inc. (NYSE:TALO) by 185.0% in the first quarter, Holdings Channel.com reports. The fund owned 399,501 shares of the company’s stock after purchasing an additional 259,321 shares during the period. Edgestream Partners L.P.’s holdings in Talos Energy were worth $6,296,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC lifted its stake in Talos Energy by 292.6% in the fourth quarter. SG Americas Securities LLC now owns 268,362 shares of the company’s stock worth $2,957,000 after purchasing an additional 200,000 shares during the last quarter. Tejara Capital Ltd purchased a new position in shares of Talos Energy in the fourth quarter worth about $2,910,000. Brookwood Investment Group LLC bought a new stake in shares of Talos Energy in the 4th quarter valued at about $1,264,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Talos Energy by 394,736.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock valued at $4,729,000 after acquiring an additional 300,000 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its holdings in Talos Energy by 338.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 389,201 shares of the company’s stock valued at $4,289,000 after acquiring an additional 300,518 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the transaction, the insider directly owned 40,460,036 shares of the company’s stock, valued at approximately $679,728,604.80. The trade was a 0.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.51% of the stock is currently owned by company insiders.

Talos Energy Price Performance

Shares of TALO stock opened at $14.60 on Friday. The firm has a market cap of $2.44 billion, a P/E ratio of -3.39 and a beta of 0.34. Talos Energy Inc. has a fifty-two week low of $7.67 and a fifty-two week high of $17.05. The business’s 50 day moving average price is $14.32 and its 200-day moving average price is $14.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04. The firm had revenue of $472.31 million for the quarter, compared to analysts’ expectations of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The business’s revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share. On average, equities research analysts anticipate that Talos Energy Inc. will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TALO. JPMorgan Chase & Co. raised their price target on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Mizuho boosted their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Stephens reissued an “overweight” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Wednesday, July 1st. Citigroup cut their target price 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. Finally, Wall Street Zen downgraded shares of Talos Energy from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.