Boothbay Fund Management LLC Reduces Holdings in Talos Energy Inc. $TALO

Boothbay Fund Management LLC lowered its position in shares of Talos Energy Inc. (NYSE:TALO) by 21.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 391,081 shares of the company’s stock after selling 109,094 shares during the period. Boothbay Fund Management LLC owned about 0.23% of Talos Energy worth $3,750,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TALO. Sourcerock Group LLC grew its stake in Talos Energy by 11.0% during the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after buying an additional 1,110,685 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Talos Energy by 25.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock valued at $28,440,000 after buying an additional 592,509 shares during the last quarter. American Century Companies Inc. lifted its stake in Talos Energy by 8.6% in the third quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after buying an additional 455,409 shares during the last quarter. Soviero Asset Management LP acquired a new stake in shares of Talos Energy in the third quarter valued at approximately $3,644,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Talos Energy in the third quarter valued at approximately $3,635,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TALO has been the topic of a number of recent research reports. KeyCorp lifted their target price on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a report on Friday, December 5th. Citigroup increased their price target on shares of Talos Energy from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Wall Street Zen lowered shares of Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, Mizuho upped their target price on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.38.

Talos Energy Trading Down 1.2%

NYSE:TALO opened at $13.66 on Tuesday. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $13.91. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.57. The stock’s 50 day simple moving average is $12.30 and its 200-day simple moving average is $11.00. The firm has a market cap of $2.30 billion, a P/E ratio of -4.81 and a beta of 0.54.

Talos Energy (NYSE:TALO) last issued its quarterly 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). The company 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%.Talos Energy’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. Equities analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current 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.