Rafferty Asset Management LLC Has $1.72 Million Stock Position in Talos Energy Inc. $TALO

Key Points

• Rafferty Asset Management LLC reduced its stake in Talos Energy by 25.7%, holding a total of 176,840 shares valued at approximately $1.72 million after the sale.
• Institutional investors now own 89.35% of Talos Energy's stock, with notable increases from firms like GAMMA Investing LLC and Parallel Advisors LLC during the same quarter.
• Analysts have varied opinions on Talos Energy, with some cutting price targets, while others maintain an overall consensus rating of "Moderate Buy" and a target price of $14.25.

Rafferty Asset Management LLC trimmed its position in Talos Energy Inc. (NYSE:TALO - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 176,840 shares of the company's stock after selling 61,178 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.10% of Talos Energy worth $1,719,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in TALO. Mariner LLC acquired a new stake in shares of Talos Energy during the fourth quarter worth approximately $126,000. Marshall Wace LLP acquired a new stake in shares of Talos Energy during the fourth quarter worth approximately $164,000. First Trust Advisors LP boosted its holdings in shares of Talos Energy by 61.0% during the fourth quarter. First Trust Advisors LP now owns 407,430 shares of the company's stock worth $3,956,000 after purchasing an additional 154,434 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Talos Energy by 2.5% during the fourth quarter. MetLife Investment Management LLC now owns 87,672 shares of the company's stock worth $851,000 after purchasing an additional 2,167 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Talos Energy by 70.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,493 shares of the company's stock worth $170,000 after purchasing an additional 7,235 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Down 2.0%

NYSE TALO traded down $0.20 during trading on Friday, reaching $9.51. The company's stock had a trading volume of 627,390 shares, compared to its average volume of 2,299,260. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $1.66 billion, a PE ratio of -9.80 and a beta of 0.80. The business has a 50-day moving average price of $8.73 and a 200-day moving average price of $8.43. Talos Energy Inc. has a 1-year low of $6.23 and a 1-year high of $12.71.

Talos Energy (NYSE:TALO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.06. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The firm had revenue of $424.72 million during the quarter, compared to analysts' expectations of $443.53 million. During the same period in the previous year, the company earned $0.03 earnings per share. The company's revenue was down 22.7% compared to the same quarter last year. On average, research analysts forecast that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on TALO. Wall Street Zen cut shares of Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Mizuho decreased their price target on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Finally, Capital One Financial started coverage on shares of Talos Energy in a report on Monday, June 16th. They set an "overweight" rating and a $14.00 price target for the company. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.