Assenagon Asset Management S.A. Sells 203,423 Shares of Talos Energy Inc. $TALO

Assenagon Asset Management S.A. cut its position in Talos Energy Inc. (NYSE:TALO) by 53.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,645 shares of the company’s stock after selling 203,423 shares during the period. Assenagon Asset Management S.A. owned 0.10% of Talos Energy worth $1,936,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sourcerock Group LLC boosted its holdings in Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after acquiring an additional 1,110,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 acquiring an additional 592,509 shares during the period. American Century Companies Inc. increased its holdings in shares of Talos Energy by 8.6% during the third quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after acquiring an additional 455,409 shares in the last quarter. CSM Advisors LLC bought a new stake in shares of Talos Energy during the third quarter valued at approximately $3,807,000. Finally, Soviero Asset Management LP acquired a new position in shares of Talos Energy during the third quarter worth approximately $3,644,000. 89.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TALO has been the topic of a number of recent research reports. Wall Street Zen cut Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Citigroup upped their price objective on shares of Talos Energy from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. KeyCorp raised their price objective on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research note on Friday, December 5th. Mizuho lifted their price objective on shares of Talos Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Finally, Benchmark downgraded shares of Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.63.

Talos Energy Stock Down 1.4%

TALO stock opened at $16.35 on Tuesday. The firm has a market capitalization of $2.75 billion, a PE ratio of -5.76 and a beta of 0.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.57. Talos Energy Inc. has a twelve month low of $6.23 and a twelve month high of $17.00. The stock’s 50 day moving average is $13.16 and its 200-day moving average is $11.41.

Talos Energy (NYSE:TALO) last announced its quarterly 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 company had revenue of $392.24 million for 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%.The company’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. Sell-side analysts expect that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

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.