Tudor Investment Corp ET AL Lowers Stock Holdings in Talos Energy Inc. $TALO

Tudor Investment Corp ET AL lowered its position in Talos Energy Inc. (NYSE:TALO) by 93.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 69,904 shares of the company’s stock after selling 1,064,253 shares during the period. Tudor Investment Corp ET AL’s holdings in Talos Energy were worth $670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TALO. Sourcerock Group LLC boosted its stake in shares of Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after acquiring an additional 1,110,685 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Talos Energy by 25.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after purchasing an additional 592,509 shares in the last quarter. American Century Companies Inc. boosted its stake in Talos Energy by 8.6% in the 3rd quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock worth $55,295,000 after purchasing an additional 455,409 shares during the period. CSM Advisors LLC purchased a new stake in Talos Energy during the 3rd quarter valued at approximately $3,807,000. Finally, Soviero Asset Management LP purchased a new stake in Talos Energy during the 3rd quarter valued at approximately $3,644,000. 89.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TALO has been the subject of several research reports. Citigroup increased their price objective on shares of Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Mizuho lifted their price objective on Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Finally, Benchmark downgraded Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.63.

Talos Energy Trading Down 3.6%

Shares of NYSE TALO opened at $15.73 on Wednesday. Talos Energy Inc. has a 1-year low of $6.23 and a 1-year high of $17.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50 day moving average is $13.26 and its two-hundred day moving average is $11.45. The stock has a market capitalization of $2.65 billion, a P/E ratio of -5.54 and a beta of 0.54.

Talos Energy (NYSE:TALO) last announced its earnings results on Tuesday, February 24th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.17). The company had revenue of $392.24 million during 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%.Talos Energy’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. As a group, research analysts expect that Talos Energy Inc. will post -0.44 EPS for the current 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.