BlackRock Inc. acquired a new stake in Talos Energy Inc. (NYSE:TALO - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 19,891,604 shares of the company's stock, valued at approximately $256,801,000. BlackRock Inc. owned 11.92% of Talos Energy at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in TALO. Larson Financial Group LLC grew its position in shares of Talos Energy by 142.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company's stock valued at $32,000 after buying an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company's stock valued at $32,000 after buying an additional 2,123 shares during the last quarter. Quarry LP acquired a new stake in shares of Talos Energy during the third quarter worth about $36,000. PNC Financial Services Group Inc. grew its holdings in shares of Talos Energy by 22.7% during 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. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Talos Energy by 395.5% during the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company's stock worth $56,000 after buying an additional 5,236 shares during the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have commented on TALO. JPMorgan Chase & Co. upped their price objective on Talos Energy from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Wednesday, May 13th. Weiss Ratings lowered Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Zacks Research upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Finally, Citigroup dropped their target price on Talos Energy from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.50.
Check Out Our Latest Report on TALO
Talos Energy Stock Performance
NYSE:TALO opened at $16.73 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy Inc. has a fifty-two week low of $8.87 and a fifty-two week high of $18.44. The stock has a market cap of $2.79 billion, a PE ratio of -7.03 and a beta of 0.35. The firm's fifty day simple moving average is $14.68 and its 200-day simple moving average is $14.59.
Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.36 by $0.21. The firm had revenue of $664.81 million during the quarter, compared to analysts' expectations of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.27) earnings per share. Analysts expect that Talos Energy Inc. will post 1.21 earnings per share for the current fiscal year.
About Talos Energy
(
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.
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