Cubist Systematic Strategies LLC Invests $5.33 Million in Talos Energy Inc. $TALO

Key Points

• Cubist Systematic Strategies LLC has invested approximately $5.33 million in Talos Energy, acquiring 548,050 shares during the first quarter.
• Several institutional investors, including Mariner LLC and Tower Research Capital LLC, have recently increased their stakes, with institutional ownership rising to 89.35%.
• Analysts have given Talos Energy an average rating of "Moderate Buy" with a target price of $14.25, although some have issued downgrades and price reductions in recent months.

Cubist Systematic Strategies LLC bought a new position in Talos Energy Inc. (NYSE:TALO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 548,050 shares of the company's stock, valued at approximately $5,327,000. Cubist Systematic Strategies LLC owned about 0.31% of Talos Energy at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TALO. Mariner LLC bought a new position in shares of Talos Energy in the fourth quarter worth about $126,000. Tower Research Capital LLC TRC lifted its holdings in shares of Talos Energy by 70.5% in the fourth 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 increased its stake in shares of Talos Energy by 19.4% in the fourth quarter. Hsbc Holdings PLC now owns 22,362 shares of the company's stock valued at $219,000 after buying an additional 3,637 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Talos Energy by 13.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 71,798 shares of the company's stock valued at $698,000 after buying an additional 8,595 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Talos Energy by 6.0% in the fourth quarter. Northern Trust Corp now owns 1,412,965 shares of the company's stock valued at $13,720,000 after buying an additional 79,746 shares during the period. Institutional investors own 89.35% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Mizuho lowered their price objective 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. Capital One Financial assumed coverage on Talos Energy in a research note on Monday, June 16th. They issued an "overweight" rating and a $14.00 price objective for the company. Finally, Wall Street Zen downgraded Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $14.25.

Talos Energy Stock Performance

NYSE:TALO opened at $9.62 on Thursday. The company has a market capitalization of $1.68 billion, a PE ratio of -9.91 and a beta of 0.80. The company has a 50 day simple moving average of $8.71 and a two-hundred day simple moving average of $8.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22. Talos Energy Inc. has a fifty-two week low of $6.23 and a fifty-two week high of $12.71.

Talos Energy (NYSE:TALO - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.06. The business 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%. The company's revenue for the quarter was down 22.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 EPS. Research analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current year.

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.

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