Jackson Creek Investment Advisors LLC Buys New Shares in Talos Energy Inc. $TALO

Jackson Creek Investment Advisors LLC bought a new stake in Talos Energy Inc. (NYSE:TALO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 39,816 shares of the company’s stock, valued at approximately $439,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in Talos Energy by 28.4% during the 4th quarter. Larson Financial Group LLC now owns 4,240 shares of the company’s stock worth $47,000 after acquiring an additional 939 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings 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 worth $54,000 after acquiring an additional 1,049 shares in the last quarter. US Bancorp DE grew its holdings in Talos Energy by 17.4% during the 3rd quarter. US Bancorp DE now owns 7,089 shares of the company’s stock worth $68,000 after acquiring an additional 1,050 shares in the last quarter. Royce & Associates LP grew its holdings in Talos Energy by 8.3% during the 3rd quarter. Royce & Associates LP now owns 15,740 shares of the company’s stock worth $151,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Amundi increased its holdings in shares of Talos Energy by 6.3% in the 3rd quarter. Amundi now owns 28,519 shares of the company’s stock valued at $292,000 after acquiring an additional 1,689 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Talos Energy Stock Performance

NYSE:TALO opened at $14.38 on Thursday. The firm’s fifty day moving average price is $15.31 and its 200 day moving average price is $13.01. Talos Energy Inc. has a 1-year low of $7.67 and a 1-year high of $17.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of -3.34 and a beta of 0.35.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The firm had revenue of $472.31 million for the quarter, compared to analyst estimates of $446.39 million. During the same period last year, the firm posted $0.06 EPS. Talos Energy’s quarterly revenue was down 7.9% on a year-over-year basis. On average, sell-side analysts expect that Talos Energy Inc. will post 0.31 EPS for the current year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the transaction, the insider owned 41,233,604 shares in the company, valued at approximately $687,776,514.72. The trade was a 3.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 2,935,568 shares of company stock worth $48,892,022. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

TALO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Citigroup increased their target price on shares of Talos Energy from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Talos Energy from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Mizuho increased their target price on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Benchmark downgraded shares of Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.67.

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.