start simple, check oil level. Lift the hood and see if you can tell where the tick is coming from, bottom of engine, top, passenger side, drivers side.. This will help pin the problem down such as the possibilities listed above.
Whenever loud ticking is involved, the most likely source is the valvetrain, but the reason for that ticking isnt always clear. Most cars use hydraulic valve lifters that rely on oil pressure to maintain a tight clearance between the camshaft and rocker arm.