Charles Schwab Investment Management Inc. Grows 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. grew its holdings in Talos Energy Inc. (NYSE:TALO - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund 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 approximately 1.31% of Talos Energy worth $22,651,000 as of its most recent SEC filing.

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

Talos Energy Trading Down 0.3%

Shares of NYSE:TALO traded down $0.03 during trading on Tuesday, reaching $9.68. 1,092,442 shares of the company were exchanged, compared to its average volume of 2,297,845. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22. The business's fifty day simple moving average is $8.60 and its 200-day simple moving average is $8.40. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $12.71. The firm has a market capitalization of $1.69 billion, a PE ratio of -9.97 and a beta of 0.81.

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

Wall Street Analyst Weigh In

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