997,323 Shares in Talos Energy Inc. $TALO Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Talos Energy Inc. (NYSE:TALO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 997,323 shares of the company’s stock, valued at approximately $12,875,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of Talos Energy by 20.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company’s stock worth $59,000 after buying an additional 884 shares during the period. Larson Financial Group LLC raised its holdings in shares of Talos Energy by 28.4% in the 4th quarter. Larson Financial Group LLC now owns 4,240 shares of the company’s stock valued at $47,000 after buying an additional 939 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Talos Energy by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after buying an additional 1,049 shares during the period. US Bancorp DE lifted its stake in Talos Energy by 17.4% during the 3rd quarter. US Bancorp DE now owns 7,089 shares of the company’s stock worth $68,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its stake in Talos Energy by 3.5% during the 1st quarter. Bleakley Financial Group LLC now owns 44,827 shares of the company’s stock worth $706,000 after acquiring an additional 1,507 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Performance

Shares of TALO opened at $16.54 on Wednesday. The stock has a 50-day simple moving average of $14.62 and a 200-day simple moving average of $14.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market capitalization of $2.76 billion, a PE ratio of -6.95 and a beta of 0.35. Talos Energy Inc. has a 1 year low of $8.87 and a 1 year high of $18.44.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) earnings per share. On average, analysts predict that Talos Energy Inc. will post 1.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on TALO shares. JPMorgan Chase & Co. lifted their target price on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Citigroup reduced their price target on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Zacks Research raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings downgraded shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.