Assenagon Asset Management S.A. Raises Stake in Talos Energy Inc. (NYSE:TALO)

Assenagon Asset Management S.A. raised its stake in shares of Talos Energy Inc. (NYSE:TALO) by 2.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,892 shares of the company’s stock after buying an additional 2,192 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of Talos Energy worth $1,086,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TALO. Virtus Investment Advisers Inc. purchased a new position in Talos Energy during the third quarter valued at approximately $31,000. US Bancorp DE grew its position in shares of Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock valued at $36,000 after purchasing an additional 1,827 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Talos Energy in the third quarter worth $75,000. FMR LLC raised its position in shares of Talos Energy by 119.2% in the third quarter. FMR LLC now owns 10,395 shares of the company’s stock worth $108,000 after buying an additional 5,653 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC bought a new stake in Talos Energy during the third quarter valued at $118,000. 89.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TALO shares. BMO Capital Markets decreased their target price on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Citigroup raised their target price on shares of Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. Benchmark reissued a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Tuesday, November 12th. Stephens restated an “overweight” rating and set a $21.00 price objective on shares of Talos Energy in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. assumed coverage on Talos Energy in a research note on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.94.

Talos Energy Stock Down 2.1 %

TALO opened at $10.20 on Friday. Talos Energy Inc. has a 12 month low of $8.89 and a 12 month high of $14.67. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $10.33 and its 200-day moving average price is $10.85. The company has a market cap of $1.83 billion, a P/E ratio of 18.88 and a beta of 1.91.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The company had revenue of $509.29 million during the quarter, compared to analysts’ expectations of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. Talos Energy’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. On average, equities analysts expect that Talos Energy Inc. will post -0.35 EPS for the current year.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.