Caxton Associates LLP Invests $794,000 in Talos Energy Inc. $TALO

Caxton Associates LLP bought a new stake in Talos Energy Inc. (NYSE:TALO) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 50,361 shares of the company’s stock, valued at approximately $794,000.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC increased its holdings in Talos Energy by 142.9% in the third 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 last quarter. Smartleaf Asset Management LLC lifted its holdings in Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after buying an additional 2,123 shares during the last quarter. Quarry LP acquired a new position in shares of Talos Energy in the 3rd quarter worth approximately $36,000. PNC Financial Services Group Inc. increased its holdings 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 valued at $54,000 after acquiring an additional 1,049 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Talos Energy by 395.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after acquiring an additional 5,236 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital sold 339,568 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total value of $5,704,742.40. Following the sale, the insider owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.51% of the stock is currently owned by company insiders.

Talos Energy Price Performance

Shares of TALO opened at $14.96 on Monday. The company has a market cap of $2.50 billion, a P/E ratio of -3.47 and a beta of 0.34. The stock has a fifty day moving average price of $14.49 and a 200 day moving average price of $13.93. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 1.20. Talos Energy Inc. has a 12 month low of $7.67 and a 12 month high of $17.05.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The company had revenue of $472.31 million for the quarter, compared to analysts’ expectations of $446.39 million. During the same period last year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. On average, research analysts forecast that Talos Energy Inc. will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stephens restated an “overweight” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Wednesday, July 1st. Citigroup lowered their target price on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Wall Street Zen cut shares of Talos Energy from a “buy” rating to a “hold” rating in a report on Saturday. KeyCorp lifted their price target on shares of Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Finally, Mizuho boosted their price objective 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. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Talos Energy currently has an average rating of “Hold” and a consensus target price of $18.50.

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.