Vanguard Group Inc. Increases Stake in Talos Energy Inc. $TALO

Vanguard Group Inc. lifted its position in shares of Talos Energy Inc. (NYSE:TALO) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 9,526,431 shares of the company’s stock after buying an additional 164,999 shares during the quarter. Vanguard Group Inc. owned about 0.05% of Talos Energy worth $91,358,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in Talos Energy by 11.8% in the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after purchasing an additional 3,007 shares during the last quarter. AQR Capital Management LLC increased its holdings in Talos Energy by 152.1% during the first quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock valued at $884,000 after buying an additional 54,854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Talos Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock worth $838,000 after acquiring an additional 3,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Talos Energy by 16.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after acquiring an additional 304,205 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Talos Energy during the 2nd quarter valued at $590,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup raised their target price on Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Benchmark downgraded shares of Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Wall Street Zen cut shares of Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Mizuho lifted their price objective on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.50.

Talos Energy Trading Up 1.7%

Shares of TALO stock opened at $13.26 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30. Talos Energy Inc. has a 1-year low of $6.23 and a 1-year high of $13.85. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -4.67 and a beta of 0.54. The stock has a 50 day simple moving average of $11.96 and a 200-day simple moving average of $10.77.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.17). The company had revenue of $392.24 million for the quarter, compared to analysts’ expectations of $431.22 million. Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The firm’s revenue was down 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. On average, equities research analysts expect that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

Talos Energy Company 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.