Talos Energy Inc. $TALO is Bain Capital Credit LP's 2nd Largest Position

Key Points

• Bain Capital Credit LP reduced its stake in Talos Energy Inc. by 4.3% during Q1, now holding approximately 13.3 million shares, which represents 31.6% of its overall portfolio.
• Talos Energy reported a loss of ($0.27) earnings per share for the most recent quarter, exceeding analysts' expectations but showing a significant revenue decline of 22.7% year-over-year.
• Investment analysts have a consensus rating of "Moderate Buy" for Talos Energy, with an average price target of $14.25, despite some firms downgrading their ratings recently.

Bain Capital Credit LP cut its holdings in Talos Energy Inc. (NYSE:TALO - Free Report) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,332,891 shares of the company's stock after selling 600,000 shares during the period. Talos Energy comprises 31.6% of Bain Capital Credit LP's holdings, making the stock its 2nd largest holding. Bain Capital Credit LP owned approximately 7.47% of Talos Energy worth $129,596,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in TALO. Mariner LLC bought a new stake in shares of Talos Energy in the 4th quarter worth about $126,000. Marshall Wace LLP bought a new stake in shares of Talos Energy during the 4th quarter worth approximately $164,000. Tower Research Capital LLC TRC lifted its stake in shares of Talos Energy by 70.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 17,493 shares of the company's stock worth $170,000 after acquiring an additional 7,235 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Talos Energy by 19.4% during the 4th quarter. Hsbc Holdings PLC now owns 22,362 shares of the company's stock worth $219,000 after acquiring an additional 3,637 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Talos Energy by 13.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 71,798 shares of the company's stock worth $698,000 after acquiring an additional 8,595 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Talos Energy 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.36% of the company's stock.

Talos Energy Stock Down 2.5%

TALO traded down $0.25 during trading on Friday, hitting $9.46. The stock had a trading volume of 2,217,081 shares, compared to its average volume of 2,401,170. The company has a market capitalization of $1.65 billion, a PE ratio of -9.75 and a beta of 0.80. Talos Energy Inc. has a twelve month low of $6.23 and a twelve month high of $12.71. 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 stock has a 50 day simple moving average of $8.74 and a two-hundred day simple moving average of $8.43.

Talos Energy (NYSE:TALO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.06. The company 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%. Talos Energy's revenue was down 22.7% compared to the same quarter last year. During the same period last year, the firm earned $0.03 earnings per share. On average, research analysts predict that Talos Energy Inc. will post -0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

TALO has been the subject of a number of research analyst reports. Mizuho decreased their price target on Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Wall Street Zen downgraded shares of Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Capital One Financial initiated 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 issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $14.25.

Talos Energy Company Profile

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.