Canada Pension Plan Investment Board Buys Shares of 4,018,100 Talos Energy Inc. $TALO

Canada Pension Plan Investment Board bought a new position in shares of Talos Energy Inc. (NYSE:TALO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,018,100 shares of the company’s stock, valued at approximately $51,874,000.

A number of other large investors also recently modified their holdings of the business. Larson Financial Group LLC boosted its holdings in shares of 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 buying an additional 1,942 shares during the period. Smartleaf Asset Management LLC raised its stake 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 acquiring an additional 2,123 shares during the period. Quarry LP acquired a new stake in Talos Energy during the third quarter worth about $36,000. PNC Financial Services Group Inc. lifted its holdings in Talos Energy by 22.7% in the third 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 during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after acquiring an additional 5,236 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted 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. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Mizuho raised their price target on Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Zacks Research upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings downgraded Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Talos Energy presently has an average rating of “Moderate Buy” and an average target price of $18.50.

Talos Energy Trading Up 0.5%

NYSE:TALO opened at $16.80 on Friday. Talos Energy Inc. has a 1 year low of $8.87 and a 1 year high of $18.44. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -7.06 and a beta of 0.35. The business has a fifty day moving average of $14.74 and a 200-day moving average of $14.62. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61.

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