De Lisle Partners LLP Makes New $2.14 Million Investment in Talos Energy Inc. $TALO

De Lisle Partners LLP purchased a new stake in Talos Energy Inc. (NYSE:TALO) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 166,000 shares of the company’s stock, valued at approximately $2,144,000.

A number of other hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of Talos Energy by 11.8% during the 1st quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after buying an additional 3,007 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Talos Energy by 152.1% in the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock worth $884,000 after buying an additional 54,854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Talos Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after acquiring an additional 3,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Talos Energy by 16.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock valued at $21,224,000 after acquiring an additional 304,205 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Talos Energy by 132.7% during the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock valued at $3,279,000 after acquiring an additional 220,502 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Trading Down 1.5%

NYSE:TALO opened at $17.49 on Friday. The business’s 50-day moving average is $14.51 and its two-hundred day moving average is $14.47. The firm has a market capitalization of $2.92 billion, a PE ratio of -7.35 and a beta of 0.35. Talos Energy Inc. has a 12 month low of $8.71 and a 12 month 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.

Talos Energy (NYSE:TALO) last issued its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping 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 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 business earned ($0.27) earnings per share. The company’s revenue was up 56.5% compared to the same quarter last year. Research analysts predict that Talos Energy Inc. will post 1.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TALO has been the subject of several research analyst reports. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their price objective on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research note 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. Mizuho increased their target price on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Finally, Citigroup cut their price target 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. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Talos Energy currently has a consensus rating of “Moderate Buy” and an average price target 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.