Prudential Financial Inc. Raises Holdings in Talos Energy Inc. $TALO

Prudential Financial Inc. boosted its stake in shares of Talos Energy Inc. (NYSE:TALO) by 212.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 392,694 shares of the company’s stock after acquiring an additional 267,045 shares during the quarter. Prudential Financial Inc.’s holdings in Talos Energy were worth $3,330,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. CWM LLC boosted its position in Talos Energy by 186.3% in the 2nd quarter. CWM LLC now owns 6,027 shares of the company’s stock worth $51,000 after purchasing an additional 3,922 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Talos Energy in the 1st quarter valued at $65,000. GAMMA Investing LLC boosted its holdings in Talos Energy by 201.5% during the second quarter. GAMMA Investing LLC now owns 9,631 shares of the company’s stock worth $82,000 after buying an additional 6,437 shares in the last quarter. Prudent Man Advisors LLC purchased a new stake in Talos Energy during the second quarter worth $115,000. Finally, R Squared Ltd acquired a new stake in Talos Energy during the second quarter valued at $116,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Stock Down 0.9%

Shares of NYSE TALO opened at $11.27 on Wednesday. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of -11.62 and a beta of 0.75. The company’s 50-day simple moving average is $10.09 and its 200-day simple moving average is $9.23. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $11.64.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Friday, January 6th. The company reported $0.45 earnings per share for the quarter. The firm had revenue of $382.96 million during the quarter. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. Equities analysts predict that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on TALO shares. Wall Street Zen upgraded shares of Talos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research note on Monday. Finally, Mizuho reaffirmed a “neutral” rating and issued a $11.00 price target on shares of Talos Energy in a report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.50.

Talos Energy Company Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.