Deutsche Bank AG Acquires New Holdings in Talos Energy Inc. $TALO

Deutsche Bank AG bought a new stake in Talos Energy Inc. (NYSE:TALO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 184,819 shares of the company’s stock, valued at approximately $2,386,000.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after purchasing an additional 2,123 shares during the period. Larson Financial Group LLC lifted its stake in Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after purchasing an additional 1,942 shares in the last quarter. Quarry LP purchased a new position in shares of Talos Energy during the third quarter worth $36,000. PNC Financial Services Group Inc. boosted its position 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 worth $54,000 after buying an additional 1,049 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings 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 buying an additional 5,236 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Price Performance

Shares of TALO opened at $16.80 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. Talos Energy Inc. has a 1-year low of $8.87 and a 1-year high of $18.44. The stock has a market cap of $2.81 billion, a PE ratio of -7.06 and a beta of 0.35. The firm has a fifty day moving average price of $14.74 and a 200 day moving average price of $14.62.

Talos Energy (NYSE:TALO) last announced its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. During the same period last year, the firm posted ($0.27) earnings per share. The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Talos Energy Inc. will post 1.21 EPS for the current year.

Analysts Set New Price Targets

TALO has been the topic of several research reports. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Stephens reiterated an “overweight” rating and set a $20.00 price target on shares of Talos Energy in a research note on Wednesday, July 1st. Weiss Ratings cut shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Zacks Research raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Citigroup lowered their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

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.