Charles Schwab Investment Management Inc. Boosts Stock Holdings in Talos Energy Inc. $TALO

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Talos Energy Inc. by 11% during the first quarter, owning approximately 2.33 million shares valued at $22.65 million.
• Talos Energy's stock has been rated as a "Moderate Buy" by analysts, with an average price target of $14.25, despite recent downgrades from some firms.
• The company reported a quarterly loss of $0.27 EPS on revenues of $424.72 million, showing a 22.7% decline in revenue year-over-year.

Charles Schwab Investment Management Inc. increased its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 11.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,330,304 shares of the company's stock after purchasing an additional 230,119 shares during the period. Charles Schwab Investment Management Inc. owned 1.31% of Talos Energy worth $22,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TALO. Wells Fargo & Company MN boosted its stake in Talos Energy by 24.7% in the 4th quarter. Wells Fargo & Company MN now owns 86,241 shares of the company's stock worth $837,000 after purchasing an additional 17,100 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Talos Energy by 28.2% during the 4th quarter. Renaissance Technologies LLC now owns 201,500 shares of the company's stock valued at $1,957,000 after acquiring an additional 44,315 shares during the period. Sterling Capital Management LLC lifted its stake in Talos Energy by 787.0% during the 4th quarter. Sterling Capital Management LLC now owns 4,568 shares of the company's stock valued at $44,000 after acquiring an additional 4,053 shares during the period. Mariner LLC acquired a new stake in Talos Energy during the 4th quarter valued at approximately $126,000. Finally, Marshall Wace LLP acquired a new stake in Talos Energy during the 4th quarter valued at approximately $164,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Stock Performance

Shares of NYSE:TALO traded down $0.10 during trading on Wednesday, hitting $9.58. 2,249,770 shares of the stock traded hands, compared to its average volume of 2,714,649. 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 company has a market cap of $1.67 billion, a price-to-earnings ratio of -9.88 and a beta of 0.81. The company has a fifty day moving average price of $8.61 and a two-hundred day moving average price of $8.42. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $12.71.

Talos Energy (NYSE:TALO - Get Free Report) last posted 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 firm had revenue of $424.72 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 22.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. As a group, equities analysts predict that Talos Energy Inc. will post -0.44 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on TALO shares. Wall Street Zen cut shares of Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Capital One Financial started coverage on shares of Talos Energy in a research note on Monday, June 16th. They set an "overweight" rating and a $14.00 price objective for the company. Finally, Mizuho decreased their price objective on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.25.

Talos Energy 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.