Deutsche Bank AG purchased a new stake in Talos Energy Inc. (NYSE:TALO - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 184,819 shares of the company's stock, valued at approximately $2,386,000. Deutsche Bank AG owned about 0.11% of Talos Energy as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in Talos Energy by 20.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company's stock worth $59,000 after acquiring an additional 884 shares during the period. Larson Financial Group LLC raised its position in shares of Talos Energy by 28.4% in the fourth quarter. Larson Financial Group LLC now owns 4,240 shares of the company's stock worth $47,000 after acquiring an additional 939 shares during the period. PNC Financial Services Group Inc. raised its position in shares of 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 acquiring an additional 1,049 shares during the period. US Bancorp DE boosted its stake 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 worth $68,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in shares of Talos Energy by 3.5% during the 1st quarter. Bleakley Financial Group LLC now owns 44,827 shares of the company's stock worth $706,000 after acquiring an additional 1,507 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.
Talos Energy Stock Up 0.5%
Shares of NYSE TALO opened at $16.80 on Friday. The stock has a market cap of $2.81 billion, a PE ratio of -7.06 and a beta of 0.35. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy Inc. has a 12-month low of $8.87 and a 12-month high of $18.44. The company has a 50-day moving average of $14.74 and a 200 day moving average of $14.62.
Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The business's revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.27) earnings per share. As a group, sell-side analysts predict that Talos Energy Inc. will post 1.21 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on TALO shares. Stephens restated an "overweight" rating and issued a $20.00 price target on shares of Talos Energy in a research note on Wednesday, July 1st. Citigroup dropped their price objective on Talos Energy from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Weiss Ratings cut Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Roth Capital raised Talos Energy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Finally, Zacks Research upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Talos Energy currently has an average rating of "Moderate Buy" and a consensus target price of $18.50.
Read Our Latest Analysis on Talos Energy
Talos Energy Profile
(
Free Report)
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.
Further Reading
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