PDT Partners LLC Makes New $579,000 Investment in Talos Energy Inc. $TALO

PDT Partners LLC bought a new stake in shares of Talos Energy Inc. (NYSE:TALO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 44,874 shares of the company’s stock, valued at approximately $579,000.

Several other large investors have also recently made changes to their positions in the business. Larson Financial Group LLC grew its stake in shares of Talos Energy by 142.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after buying an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after buying an additional 2,123 shares during the last quarter. Quarry LP purchased a new position in Talos Energy during the third quarter valued at $36,000. PNC Financial Services Group Inc. boosted 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 acquiring an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted 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 acquiring an additional 5,236 shares in the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Talos Energy Stock Up 0.5%

Talos Energy stock opened at $16.80 on Friday. Talos Energy Inc. has a 12 month low of $8.87 and a 12 month high of $18.44. The stock has a fifty day simple moving average of $14.74 and a two-hundred day simple moving average of $14.62. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of -7.06 and a beta of 0.35.

Talos Energy (NYSE:TALO) last announced its quarterly 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 the consensus estimate of $577.92 million. During the same period in the prior year, the company posted ($0.27) earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis. Equities analysts predict that Talos Energy Inc. will post 1.21 EPS for the current fiscal year.

Analysts Set New Price Targets

TALO has been the subject of several analyst reports. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Weiss Ratings cut shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Mizuho increased their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, Talos Energy currently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

About Talos Energy

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.