Horizon Investments LLC Invests $623,000 in Talos Energy Inc. $TALO

Horizon Investments LLC acquired a new position in Talos Energy Inc. (NYSE:TALO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 56,531 shares of the company’s stock, valued at approximately $623,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in shares of Talos Energy by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after buying an additional 1,049 shares during the last quarter. US Bancorp DE boosted its stake in Talos Energy by 17.4% in the 3rd quarter. US Bancorp DE now owns 7,089 shares of the company’s stock worth $68,000 after purchasing an additional 1,050 shares in the last quarter. Royce & Associates LP boosted its stake in Talos Energy by 8.3% in the 3rd quarter. Royce & Associates LP now owns 15,740 shares of the company’s stock worth $151,000 after purchasing an additional 1,211 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Talos Energy by 4.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 29,071 shares of the company’s stock worth $279,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Keating Investment Counselors Inc. boosted its stake in Talos Energy by 0.4% in the 3rd quarter. Keating Investment Counselors Inc. now owns 438,180 shares of the company’s stock worth $4,202,000 after purchasing an additional 1,530 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Stock Up 0.5%

TALO stock opened at $15.00 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.20 and a debt-to-equity ratio of 0.65. Talos Energy Inc. has a 52 week low of $7.67 and a 52 week high of $17.00. The firm has a 50 day moving average of $14.56 and a 200 day moving average of $12.41. The stock has a market capitalization of $2.50 billion, a PE ratio of -3.48 and a beta of 0.35.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate 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 business had revenue of $472.31 million during the quarter, compared to analysts’ expectations of $446.39 million. During the same period in the previous year, the business posted $0.06 EPS. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. Sell-side analysts forecast that Talos Energy Inc. will post 0.21 earnings per share for the current year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of Talos Energy stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the completion of the sale, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Weiss Ratings upgraded shares of Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday. Benchmark cut shares of Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Citigroup lifted their target price on shares of Talos Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Mizuho set a $17.00 target price on shares of Talos Energy in a research note on Wednesday. Finally, Wall Street Zen upgraded shares of Talos Energy from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.60.

Talos Energy 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.