Jefferies Financial Group Inc. Takes Position in Talos Energy Inc. $TALO

Jefferies Financial Group Inc. purchased a new position in shares of Talos Energy Inc. (NYSE:TALO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 185,300 shares of the company’s stock, valued at approximately $2,392,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC increased its stake in Talos Energy by 142.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after purchasing an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Talos Energy by 134.4% during 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 in the last quarter. Quarry LP acquired a new stake in Talos Energy in the third quarter valued at $36,000. PNC Financial Services Group Inc. increased its position in shares of Talos Energy by 22.7% in the third 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 in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Talos Energy by 395.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after buying an additional 5,236 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TALO shares. Zacks Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Stephens restated an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Talos Energy Stock Performance

NYSE TALO opened at $16.70 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy Inc. has a fifty-two week low of $8.87 and a fifty-two week high of $18.44. The business has a fifty day moving average of $14.80 and a 200-day moving average of $14.63. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of -7.02 and a beta of 0.35.

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

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.