Rafferty Asset Management LLC Boosts Holdings in Talos Energy Inc. $TALO

Rafferty Asset Management LLC raised its stake in Talos Energy Inc. (NYSE:TALO) by 29.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 194,478 shares of the company’s stock after acquiring an additional 43,938 shares during the quarter. Rafferty Asset Management LLC’s holdings in Talos Energy were worth $1,865,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtus Fixed Income Advisers LLC purchased a new stake in shares of Talos Energy during the 2nd quarter worth approximately $25,000. Smartleaf Asset Management LLC grew its holdings in Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after purchasing an additional 2,123 shares during the period. PNC Financial Services Group Inc. increased its position in Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after buying an additional 1,049 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after buying an additional 5,236 shares during the period. Finally, US Bancorp DE lifted its position in shares of Talos Energy by 17.4% during the 3rd quarter. US Bancorp DE now owns 7,089 shares of the company’s stock valued at $68,000 after buying an additional 1,050 shares during the last quarter. 89.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TALO. Mizuho lifted their price objective on Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Benchmark lowered shares of Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup lifted their target price on shares of Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Wall Street Zen cut shares of Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.50.

Talos Energy Stock Performance

Talos Energy stock opened at $13.26 on Friday. The firm’s 50 day simple moving average is $11.96 and its 200 day simple moving average is $10.77. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2.23 billion, a PE ratio of -4.67 and a beta of 0.54. Talos Energy Inc. has a 1-year low of $6.23 and a 1-year high of $13.85.

Talos Energy (NYSE:TALO) last announced 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 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%. The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 earnings per share. As a group, analysts expect that Talos Energy Inc. will post -0.44 earnings per share 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.