Louisiana State Employees Retirement System Buys Shares of 55,800 Talos Energy Inc. $TALO

Louisiana State Employees Retirement System purchased a new position in shares of Talos Energy Inc. (NYSE:TALO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 55,800 shares of the company’s stock, valued at approximately $879,000.

A number of other institutional investors also recently made changes to their positions in TALO. Larson Financial Group LLC increased its stake in shares of 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 acquiring an additional 1,942 shares during the period. Smartleaf Asset Management LLC lifted its position in Talos Energy by 134.4% in the second 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 period. Quarry LP bought a new position in Talos Energy during the 3rd quarter valued at $36,000. PNC Financial Services Group Inc. boosted its stake in Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Talos Energy by 395.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after purchasing an additional 5,236 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Trading Up 0.1%

Talos Energy stock opened at $13.60 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of -3.16 and a beta of 0.34. Talos Energy Inc. has a 1 year low of $7.67 and a 1 year high of $17.05. The firm’s 50 day moving average price is $14.83 and its two-hundred day moving average price is $13.59.

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

Analysts Set New Price Targets

A number of research firms have recently commented on TALO. KeyCorp boosted their price objective on Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. Stephens reaffirmed an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a research note on Wednesday, July 1st. Wall Street Zen lowered Talos Energy from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings cut shares of Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $18.83.

Insider Activity

In other news, insider Control Empresarial De Capital sold 339,568 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the sale, the insider directly owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is owned by company insiders.

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.