Empowered Funds LLC Purchases Shares of 1,261,052 Talos Energy Inc. $TALO

Empowered Funds LLC bought a new stake in Talos Energy Inc. (NYSE:TALO) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,261,052 shares of the company’s stock, valued at approximately $16,280,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. De Lisle Partners LLP purchased a new position in Talos Energy during the second quarter worth $2,144,000. Tejara Capital Ltd purchased a new stake in shares of Talos Energy in the fourth quarter valued at $2,910,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Talos Energy by 394,736.8% during 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 last quarter. Arrowstreet Capital Limited Partnership increased its position in Talos Energy by 22.8% during the 1st 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 in the last quarter. Finally, Brandywine Global Investment Management LLC raised its stake in Talos Energy by 338.9% in the 4th quarter. Brandywine Global Investment Management LLC now owns 389,201 shares of the company’s stock valued at $4,289,000 after purchasing an additional 300,518 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TALO. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Zacks Research raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. boosted their price target on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Citigroup decreased their price objective on Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Weiss Ratings downgraded 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.50.

Talos Energy Price Performance

TALO stock opened at $16.70 on Friday. The firm has a market cap of $2.79 billion, a P/E ratio of -7.02 and a beta of 0.35. 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 Inc. has a 1 year low of $8.87 and a 1 year high of $18.44. The stock has a 50-day simple moving average of $14.80 and a 200-day simple moving average of $14.63.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The firm had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. During the same quarter in the previous year, the firm posted ($0.27) EPS. The firm’s quarterly revenue was up 56.5% on a year-over-year basis. On average, equities 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.