American Century Companies Inc. Boosts Position in Talos Energy Inc. $TALO

American Century Companies Inc. lifted its position in Talos Energy Inc. (NYSE:TALO) by 8.6% in the third quarter, HoldingsChannel reports. The firm owned 5,765,905 shares of the company’s stock after buying an additional 455,409 shares during the period. American Century Companies Inc.’s holdings in Talos Energy were worth $55,295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sourcerock Group LLC raised its stake in Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares during the period. Vanguard Group Inc. increased its holdings in shares of Talos Energy by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock worth $91,358,000 after buying an additional 164,999 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Talos Energy by 16.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after buying an additional 304,205 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Talos Energy by 7.8% during the 2nd quarter. Franklin Resources Inc. now owns 1,359,603 shares of the company’s stock valued at $11,529,000 after buying an additional 97,901 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Talos Energy by 1.4% in the second quarter. Empowered Funds LLC now owns 1,213,097 shares of the company’s stock valued at $10,287,000 after acquiring an additional 17,035 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TALO shares. KeyCorp raised their target price on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Benchmark cut Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday. Citigroup raised their price objective on Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Wall Street Zen lowered shares of Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Mizuho increased their target price on shares of Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. 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, the company has a consensus rating of “Hold” and an average price target of $13.50.

Talos Energy Stock Up 1.7%

Shares of NYSE TALO opened at $13.26 on Friday. The business’s fifty 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 stock has a market cap of $2.23 billion, a P/E ratio of -4.67 and a beta of 0.54. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $13.85.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $431.22 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s revenue was down 19.2% compared to the same quarter last year. As a group, equities analysts predict that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

Talos Energy 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.