PDT Partners LLC Makes New 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, HoldingsChannel.com reports. The firm bought 44,874 shares of the company’s stock, valued at approximately $579,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. De Lisle Partners LLP bought a new stake in shares of Talos Energy in the second quarter worth $2,144,000. Tejara Capital Ltd bought a new position in Talos Energy in the fourth quarter valued at about $2,910,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Talos Energy by 394,736.8% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock valued at $4,729,000 after acquiring an additional 300,000 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Talos Energy by 22.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 459,477 shares of the company’s stock worth $7,241,000 after purchasing an additional 85,450 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its position in Talos Energy by 338.9% in the fourth quarter. Brandywine Global Investment Management LLC now owns 389,201 shares of the company’s stock worth $4,289,000 after purchasing an additional 300,518 shares during the last quarter. 89.35% of the stock is owned by institutional investors.

Talos Energy Stock Performance

Shares of TALO opened at $16.80 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. The business has a 50-day simple moving average of $14.74 and a two-hundred day simple moving average of $14.62. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -7.06 and a beta of 0.35. Talos Energy Inc. has a 52 week low of $8.87 and a 52 week high of $18.44.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $664.81 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.27) EPS. On average, analysts expect that Talos Energy Inc. will post 1.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TALO shares. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Citigroup dropped their price objective on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Mizuho boosted their target price 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. Weiss Ratings cut shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Finally, Zacks Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company 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.