DRW Securities LLC Buys New Stake in Talos Energy Inc. $TALO

Key Points

• DRW Securities LLC acquired 216,582 shares of Talos Energy Inc., valued at approximately $2.1 million, giving it a 0.12% ownership stake in the company.
• Talos Energy's recent quarterly earnings showed a loss of ($0.27) EPS, slightly better than analysts' expectations of ($0.33), with revenues down 22.7% from the previous year.
• Wall Street analysts hold a consensus rating of "Moderate Buy" for Talos Energy, with a target price of $14.25, despite some firms recently downgrading their expectations for the stock.

DRW Securities LLC purchased a new stake in Talos Energy Inc. (NYSE:TALO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 216,582 shares of the company's stock, valued at approximately $2,105,000. DRW Securities LLC owned approximately 0.12% of Talos Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Talos Energy by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 9,992,530 shares of the company's stock valued at $97,127,000 after purchasing an additional 58,165 shares in the last quarter. Sourcerock Group LLC increased its stake in shares of Talos Energy by 3.6% in the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company's stock valued at $92,738,000 after purchasing an additional 331,109 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Talos Energy by 9.8% in the 1st quarter. American Century Companies Inc. now owns 4,861,119 shares of the company's stock valued at $47,250,000 after purchasing an additional 433,573 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Talos Energy by 11.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,330,304 shares of the company's stock valued at $22,651,000 after purchasing an additional 230,119 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Talos Energy by 318.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company's stock valued at $19,106,000 after purchasing an additional 1,497,472 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Talos Energy Price Performance

TALO traded up $0.10 during trading on Thursday, reaching $9.70. The company's stock had a trading volume of 1,394,842 shares, compared to its average volume of 2,305,351. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $8.71 and a two-hundred day simple moving average of $8.43. Talos Energy Inc. has a 1 year low of $6.23 and a 1 year high of $12.71. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -9.99 and a beta of 0.80.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.33) by $0.06. The business had revenue of $424.72 million during the quarter, compared to the consensus estimate of $443.53 million. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The business's revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 EPS. As a group, analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen cut Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Mizuho lowered their price objective on Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Finally, Capital One Financial started coverage on shares of Talos Energy in a research note on Monday, June 16th. They issued an "overweight" rating and a $14.00 target price on the stock. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Talos Energy currently has an average rating of "Moderate Buy" and an average target price of $14.25.

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.