Tudor Investment Corp ET AL Sells 1,064,253 Shares of Talos Energy Inc. $TALO

Tudor Investment Corp ET AL lessened its holdings in shares of Talos Energy Inc. (NYSE:TALO) by 93.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,904 shares of the company’s stock after selling 1,064,253 shares during the period. Tudor Investment Corp ET AL’s holdings in Talos Energy were worth $670,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TALO. PNC Financial Services Group Inc. raised its holdings 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 buying an additional 1,049 shares during the period. US Bancorp DE increased its stake in Talos Energy by 17.4% in the 3rd quarter. US Bancorp DE now owns 7,089 shares of the company’s stock worth $68,000 after buying an additional 1,050 shares during the period. Royce & Associates LP boosted its position in Talos Energy by 8.3% in the 3rd quarter. Royce & Associates LP now owns 15,740 shares of the company’s stock valued at $151,000 after buying an additional 1,211 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Talos Energy by 4.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 29,071 shares of the company’s stock worth $279,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Keating Investment Counselors Inc. raised its stake in shares of Talos Energy by 0.4% during the third quarter. Keating Investment Counselors Inc. now owns 438,180 shares of the company’s stock valued at $4,202,000 after acquiring an additional 1,530 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Analysts Set New Price Targets

TALO has been the subject of several recent research reports. Mizuho lifted their price objective on Talos Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Benchmark downgraded Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. KeyCorp boosted their price target on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Wall Street Zen cut Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Citigroup raised their price objective on Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.63.

Talos Energy Price Performance

NYSE TALO opened at $15.73 on Wednesday. The firm’s fifty day simple moving average is $13.26 and its two-hundred day simple moving average is $11.45. The firm has a market capitalization of $2.65 billion, a P/E ratio of -5.54 and a beta of 0.54. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $17.00.

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). The business had revenue of $392.24 million for the quarter, compared to analyst estimates of $431.22 million. Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The business’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. Analysts forecast that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

About Talos Energy

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.