CSM Advisors LLC Acquires Shares of 396,980 Talos Energy Inc. $TALO

CSM Advisors LLC bought a new position in Talos Energy Inc. (NYSE:TALO) in the third quarter, Holdings Channel reports. The firm bought 396,980 shares of the company’s stock, valued at approximately $3,807,000.

Several other hedge funds have also recently made changes to their positions in TALO. Public Sector Pension Investment Board increased its holdings in Talos Energy by 43.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 601,218 shares of the company’s stock worth $5,766,000 after acquiring an additional 181,443 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Talos Energy during the third quarter valued at about $3,635,000. SummerHaven Investment Management LLC bought a new position in Talos Energy during the third quarter worth about $901,000. Principal Financial Group Inc. boosted its position in Talos Energy by 40.7% during the third quarter. Principal Financial Group Inc. now owns 858,560 shares of the company’s stock worth $8,234,000 after purchasing an additional 248,200 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Talos Energy by 9.2% in the second quarter. American Century Companies Inc. now owns 5,310,496 shares of the company’s stock worth $45,033,000 after purchasing an additional 449,377 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TALO. KeyCorp boosted their price target on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th. 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 research note on Friday, December 12th. Benchmark cut shares of Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Talos Energy currently has an average rating of “Hold” and a consensus price target of $14.38.

Talos Energy Trading Down 1.2%

Shares of TALO opened at $13.66 on Tuesday. Talos Energy Inc. has a twelve month low of $6.23 and a twelve month high of $13.91. The stock has a market cap of $2.30 billion, a PE ratio of -4.81 and a beta of 0.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $12.30 and its 200-day moving average price is $11.00.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Tuesday, February 24th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.17). The firm had revenue of $392.24 million during the quarter, compared to the consensus estimate of $431.22 million. Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. Talos Energy’s revenue was down 19.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. On average, equities analysts forecast that Talos Energy Inc. will post -0.44 EPS 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.