Talos Energy Inc. $TALO Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. cut its holdings in Talos Energy Inc. (NYSE:TALO - Free Report) by 81.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,000 shares of the company's stock after selling 662,348 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.08% of Talos Energy worth $1,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Talos Energy by 360.9% in the first quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock valued at $31,000 after buying an additional 2,501 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Talos Energy by 2,601.0% in the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock valued at $52,000 after buying an additional 5,124 shares in the last quarter. Signaturefd LLC increased its position in shares of Talos Energy by 571.3% in the first quarter. Signaturefd LLC now owns 5,612 shares of the company's stock valued at $55,000 after buying an additional 4,776 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Talos Energy in the first quarter valued at approximately $65,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Talos Energy in the first quarter valued at approximately $98,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TALO shares. Capital One Financial started coverage on Talos Energy in a research report on Monday, June 16th. They issued an "overweight" rating and a $14.00 price objective for the company. Wall Street Zen cut Talos Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Talos Energy currently has a consensus rating of "Moderate Buy" and an average price target of $14.25.

Talos Energy Price Performance

Shares of NYSE:TALO traded down $0.09 during trading on Thursday, reaching $9.77. The stock had a trading volume of 1,854,035 shares, compared to its average volume of 2,298,687. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22. The business has a fifty day moving average price of $8.80 and a 200-day moving average price of $8.44. The stock has a market cap of $1.71 billion, a PE ratio of -10.07 and a beta of 0.80. Talos Energy Inc. has a 1-year low of $6.23 and a 1-year high of $12.71.

Talos Energy (NYSE:TALO - Get Free Report) last issued 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 firm had revenue of $424.72 million for the quarter, compared to analyst estimates of $443.53 million. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The business's revenue was down 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share. On average, equities analysts forecast that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total transaction of $59,680.71. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.36% of the company's stock.

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.