Webs Creek Capital Management LP Invests $27.04 Billion in Talos Energy Inc. $TALO

Webs Creek Capital Management LP purchased a new position in Talos Energy Inc. (NYSE:TALO) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 2,094,452 shares of the company’s stock, valued at approximately $27,039,375,000. Talos Energy makes up about 5.1% of Webs Creek Capital Management LP’s portfolio, making the stock its 13th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of TALO. Algert Global LLC raised its stake in shares of Talos Energy by 52.4% in the second quarter. Algert Global LLC now owns 699,680 shares of the company’s stock valued at $9,033,000 after acquiring an additional 240,490 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Talos Energy in the 2nd quarter worth about $12,875,000. Pinnacle Holdings LLC purchased a new position in shares of Talos Energy during the 2nd quarter worth about $1,599,000. Quantbot Technologies LP purchased a new position in shares of Talos Energy during the 2nd quarter worth about $887,000. Finally, De Lisle Partners LLP bought a new position in Talos Energy during the 2nd quarter valued at about $2,144,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TALO has been the subject of several analyst reports. Stephens reissued an “overweight” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Wednesday, July 1st. JPMorgan Chase & Co. upped their target price on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Finally, Mizuho boosted their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Talos Energy has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Talos Energy Trading Down 3.1%

TALO stock opened at $16.93 on Tuesday. Talos Energy Inc. has a 12 month low of $8.87 and a 12 month high of $18.44. The firm’s 50-day moving average is $14.57 and its 200 day moving average is $14.53. The company has a market capitalization of $2.83 billion, a PE ratio of -7.11 and a beta of 0.35. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) EPS. On average, research analysts anticipate that Talos Energy Inc. will post 1.21 EPS for the current year.

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.