American Century Companies Inc. Raises Position in Talos Energy Inc. $TALO

American Century Companies Inc. lifted its holdings in Talos Energy Inc. (NYSE:TALO) by 8.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,765,905 shares of the company’s stock after purchasing an additional 455,409 shares during the quarter. American Century Companies Inc. owned about 3.39% of Talos Energy worth $55,295,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TALO. Virtus Fixed Income Advisers LLC purchased a new stake in Talos Energy in the second quarter valued at about $25,000. Smartleaf Asset Management LLC increased its holdings in shares of Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after acquiring an additional 2,123 shares in the last quarter. PNC Financial Services Group Inc. increased 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 valued at $54,000 after acquiring an additional 1,049 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Talos Energy by 395.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after purchasing an additional 5,236 shares during the last quarter. Finally, US Bancorp DE boosted 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 purchasing an additional 1,050 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TALO. Mizuho upped their price target on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Citigroup lifted their price objective on shares of Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Benchmark cut Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday. Wall Street Zen downgraded Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, KeyCorp raised their price objective on Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Talos Energy currently has an average rating of “Hold” and a consensus target price of $13.50.

Talos Energy Stock Up 1.7%

Shares of NYSE TALO opened at $13.26 on Friday. The stock has a market cap of $2.23 billion, a PE ratio of -4.67 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 $13.85. The company has a 50-day moving average of $11.96 and a 200 day moving average of $10.77.

Talos Energy (NYSE:TALO) last issued its earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The company had revenue of $392.24 million for the quarter, compared to analyst estimates of $431.22 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The company’s revenue for the quarter was down 19.2% on a year-over-year basis. As a group, sell-side analysts predict 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.