Royal Bank of Canada Sells 70,193 Shares of Talos Energy Inc. $TALO

Royal Bank of Canada reduced its holdings in Talos Energy Inc. (NYSE:TALO) by 16.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 357,292 shares of the company’s stock after selling 70,193 shares during the quarter. Royal Bank of Canada’s holdings in Talos Energy were worth $5,631,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. AQR Capital Management LLC increased its position in shares of Talos Energy by 152.1% in the first quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock valued at $884,000 after acquiring an additional 54,854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Talos Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock worth $838,000 after acquiring an additional 3,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Talos Energy by 16.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock valued at $21,224,000 after purchasing an additional 304,205 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Talos Energy by 132.7% in the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock valued at $3,279,000 after purchasing an additional 220,502 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Talos Energy by 3.9% in the second quarter. New York State Common Retirement Fund now owns 47,254 shares of the company’s stock valued at $401,000 after purchasing an additional 1,780 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TALO shares. Mizuho boosted their price target on Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. increased their price objective on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Citigroup decreased their target price on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.50.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the completion of the sale, the insider owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. This trade represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.51% of the company’s stock.

Talos Energy Price Performance

Shares of NYSE TALO opened at $15.50 on Thursday. The business’s 50 day moving average price is $14.28 and its two-hundred day moving average price is $14.25. The company has a market cap of $2.59 billion, a PE ratio of -6.51 and a beta of 0.35. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy Inc. has a twelve month low of $8.01 and a twelve month high of $17.05.

Talos Energy (NYSE:TALO) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The company had revenue of $664.81 million during the quarter, compared to analysts’ expectations of $577.92 million. During the same period last year, the firm posted ($0.27) earnings per share. The business’s revenue was up 56.5% on a year-over-year basis. On average, analysts predict that Talos Energy Inc. will post 1 EPS for the current 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.