Rafferty Asset Management LLC Has $1.87 Million Stock Holdings in Talos Energy Inc. $TALO

Rafferty Asset Management LLC grew its position in shares of Talos Energy Inc. (NYSE:TALO) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 194,478 shares of the company’s stock after purchasing an additional 43,938 shares during the quarter. Rafferty Asset Management LLC owned about 0.11% of Talos Energy worth $1,865,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. KeyCorp boosted their target price on Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th. Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Citigroup lifted their price target on shares of Talos Energy from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Finally, Benchmark lowered shares of Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.50.

Talos Energy Trading Up 1.7%

NYSE TALO opened at $13.26 on Friday. 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 business has a fifty day simple moving average of $11.96 and a 200 day simple moving average of $10.77. Talos Energy Inc. has a 12 month low of $6.23 and a 12 month high of $13.85. The firm has a market capitalization of $2.23 billion, a P/E ratio of -4.67 and a beta of 0.54.

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