IPG Investment Advisors LLC Sells 45,000 Shares of Talos Energy Inc. (NYSE:TALO)

Key Points

• IPG Investment Advisors LLC has significantly decreased its stake in Talos Energy by 56.3%, now holding 35,000 shares valued at approximately $340,000.
• Despite the reduction in holdings by some investors, institutional ownership remains high at 89.35%, with firms like Trexquant Investment LP and Renaissance Technologies LLC increasing their positions in Talos Energy.
• Analysts have set a consensus rating of "Moderate Buy" for Talos Energy, with a target price averaging around $14.25, despite some recent downgrades in target prices by other brokerages.

IPG Investment Advisors LLC cut its holdings in Talos Energy Inc. (NYSE:TALO - Free Report) by 56.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,000 shares of the company's stock after selling 45,000 shares during the quarter. IPG Investment Advisors LLC's holdings in Talos Energy were worth $340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Talos Energy by 1.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,413 shares of the company's stock worth $800,000 after buying an additional 1,403 shares during the last quarter. Aquatic Capital Management LLC increased its position in Talos Energy by 2.9% during the 4th quarter. Aquatic Capital Management LLC now owns 60,696 shares of the company's stock worth $589,000 after purchasing an additional 1,696 shares during the period. MetLife Investment Management LLC grew its holdings in shares of Talos Energy by 2.5% in the 4th quarter. MetLife Investment Management LLC now owns 87,672 shares of the company's stock worth $851,000 after acquiring an additional 2,167 shares during the period. GAMMA Investing LLC lifted 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 in the last quarter. Finally, 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 purchasing an additional 3,637 shares during the period. Hedge funds and other institutional investors own 89.35% of the company's stock.

Talos Energy Stock Performance

Shares of TALO traded down $0.05 during midday trading on Friday, reaching $7.80. The stock had a trading volume of 2,827,372 shares, compared to its average volume of 2,279,889. The firm has a 50 day simple moving average of $8.62 and a 200-day simple moving average of $8.54. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.38 billion, a PE ratio of -8.05 and a beta of 0.81. Talos Energy Inc. has a one year low of $6.23 and a one year high of $12.71.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating 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 2.29%. The company had revenue of $424.72 million for the quarter, compared to analyst estimates of $443.53 million. During the same period in the previous year, the firm posted $0.03 EPS. The firm's revenue was down 22.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. KeyCorp dropped their price objective on Talos Energy from $16.00 to $12.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Capital One Financial initiated coverage on Talos Energy in a research note on Monday, June 16th. They issued an "overweight" rating and a $14.00 price target for the company. Finally, Mizuho cut their target price on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Talos Energy presently has an average rating of "Moderate Buy" and a consensus target price of $14.25.

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.