Northern Trust Corp Cuts Stock Position in Talos Energy Inc. $TALO

Key Points

• Northern Trust Corp reduced its stake in Talos Energy Inc. by 3.1%, owning approximately 1,369,435 shares worth $13,311,000, following the sale of 43,530 shares in the first quarter.
• Several institutional investors, including Ameriprise Financial, have increased their holdings in Talos Energy, leading to hedge funds and other institutions owning around 89.35% of the company's stock.
• Talos Energy reported a quarterly loss of ($0.27) earnings per share, beating expectations, but experienced 22.7% year-over-year revenue decline, totaling $424.72 million during the quarter.

Northern Trust Corp lessened its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,369,435 shares of the company's stock after selling 43,530 shares during the period. Northern Trust Corp owned 0.77% of Talos Energy worth $13,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TALO. Mariner LLC purchased a new stake in Talos Energy in the fourth quarter valued at about $126,000. Tower Research Capital LLC TRC raised its stake in Talos Energy by 70.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,493 shares of the company's stock valued at $170,000 after buying an additional 7,235 shares during the last quarter. Hsbc Holdings PLC raised its stake in 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 last quarter. Price T Rowe Associates Inc. MD raised its stake in 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 last quarter. Finally, Ameriprise Financial Inc. raised its stake in Talos Energy by 318.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company's stock valued at $19,106,000 after buying an additional 1,497,472 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. 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 target for the company. Wall Street Zen downgraded Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Mizuho dropped their price target on Talos Energy from $12.00 to $11.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $14.25.

Talos Energy Stock Performance

NYSE TALO opened at $9.62 on Thursday. The stock has a 50-day simple moving average of $8.71 and a two-hundred day simple moving average of $8.43. The firm has a market capitalization of $1.68 billion, a P/E ratio of -9.91 and a beta of 0.80. Talos Energy Inc. has a fifty-two week low of $6.23 and a fifty-two week 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.

Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $443.53 million. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The company's revenue was down 22.7% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. On average, equities analysts forecast that Talos Energy Inc. will post -0.44 earnings per share for the current year.

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.

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