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

Adage Capital Partners GP L.L.C. reduced its position in Talos Energy Inc. (NYSE:TALO - Free Report) by 81.5% during the 1st quarter, according to its most recent filing with the SEC. The firm 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 about 0.08% of Talos Energy worth $1,458,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Talos Energy by 360.9% in the 1st 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 during the period. Parallel Advisors LLC increased its stake in Talos Energy by 2,601.0% in the 1st 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 during the period. Signaturefd LLC increased its stake in Talos Energy by 571.3% in the 1st quarter. Signaturefd LLC now owns 5,612 shares of the company's stock valued at $55,000 after buying an additional 4,776 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Talos Energy during the 1st quarter worth $65,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Talos Energy during the 1st quarter worth $98,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TALO has been the subject of several recent analyst reports. 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 price objective for the company. Wall Street Zen downgraded shares of Talos Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. 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 TALO stock traded down $0.13 during trading hours on Friday, hitting $9.63. The company's stock had a trading volume of 1,845,292 shares, compared to its average volume of 2,224,307. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $8.85 and a 200-day moving average of $8.45. Talos Energy Inc. has a twelve month low of $6.23 and a twelve month high of $12.71. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -9.93 and a beta of 0.80.

Talos Energy (NYSE:TALO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating 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%.Talos Energy's revenue was down 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, equities research analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current year.

Insider Activity at Talos Energy

In related news, Director Paula R. Glover sold 6,159 shares of Talos Energy stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by insiders.

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.