Vanguard Group Inc. Buys 164,999 Shares of Talos Energy Inc. $TALO

Key Points

• Vanguard Group Inc. increased its stake in Talos Energy by 1.8%, purchasing 164,999 shares to hold 9,526,431 shares (about 5.45% of the company) worth roughly $91.36 million at quarter-end.
• Talos missed expectations for the most recent quarter, reporting EPS of -$0.44 versus consensus -$0.27 and revenue of $392.24M versus an expected $431.22M, with revenue down 19.2% year‑over‑year; analysts' consensus rating is Hold with a $13.50 price target.
• The company has a market capitalization of $2.23 billion, a negative PE (-4.67), institutional ownership around 89.35%, and a one‑year trading range of $6.23–$13.85.

Vanguard Group Inc. raised its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,526,431 shares of the company's stock after purchasing an additional 164,999 shares during the quarter. Vanguard Group Inc. owned 5.45% of Talos Energy worth $91,358,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Virtus Fixed Income Advisers LLC purchased a new position in shares of Talos Energy in the second quarter worth $25,000. Smartleaf Asset Management LLC boosted its position in Talos Energy by 134.4% during the 2nd 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 period. PNC Financial Services Group Inc. grew its holdings in Talos Energy by 22.7% in the 3rd 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 last quarter. EverSource Wealth Advisors LLC grew its holdings in Talos Energy by 395.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company's stock worth $56,000 after acquiring an additional 5,236 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in shares of Talos Energy in the second quarter valued at about $87,000. Hedge funds and other institutional investors own 89.35% of the company's stock.

Talos Energy Stock Performance

Shares of TALO opened at $13.26 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30. Talos Energy Inc. has a one year low of $6.23 and a one year high of $13.85. The company has a 50-day simple moving average of $11.96 and a two-hundred day simple moving average of $10.77. The firm has a market capitalization of $2.23 billion, a PE ratio of -4.67 and a beta of 0.54.

Talos Energy (NYSE:TALO - Get Free Report) last announced 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). The firm had revenue of $392.24 million during the quarter, compared to the consensus estimate of $431.22 million. Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.During the same period in the prior year, the company posted $0.08 EPS. The firm's revenue was down 19.2% on a year-over-year basis. On average, analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TALO has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. KeyCorp upped their price target on Talos Energy from $12.00 to $13.50 and gave the company an "overweight" rating in a research report on Friday, December 5th. Mizuho increased their price objective on Talos Energy from $11.00 to $14.00 and gave the stock a "neutral" rating in a report on Friday, December 12th. Benchmark lowered Talos Energy from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Talos Energy in a report on Monday, December 29th. 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. According to data from MarketBeat.com, Talos Energy presently has a consensus rating of "Hold" and a consensus price target of $13.50.

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.

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