Trexquant Investment LP Sells 258,264 Shares of Talos Energy Inc. $TALO

Key Points

• Trexquant Investment LP significantly reduced its stake in Talos Energy by 64.9%, holding 139,582 shares valued at approximately $1.36 million after the sale.
• Talos Energy's stock is currently down 2.5%, with a market cap of $1.65 billion and a recent trading price of $9.46.
• Analysts have mixed ratings for Talos Energy, with six giving it a "Buy" rating and a consensus target price of $14.25.

Trexquant Investment LP lessened its holdings in shares of Talos Energy Inc. (NYSE:TALO - Free Report) by 64.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 139,582 shares of the company's stock after selling 258,264 shares during the quarter. Trexquant Investment LP owned 0.08% of Talos Energy worth $1,357,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Talos Energy by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 9,992,530 shares of the company's stock worth $97,127,000 after purchasing an additional 58,165 shares in the last quarter. Sourcerock Group LLC increased its holdings in Talos Energy by 3.6% during the 4th quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company's stock worth $92,738,000 after purchasing an additional 331,109 shares in the last quarter. American Century Companies Inc. increased its holdings in Talos Energy by 9.8% during the 1st quarter. American Century Companies Inc. now owns 4,861,119 shares of the company's stock worth $47,250,000 after purchasing an additional 433,573 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Talos Energy by 11.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,330,304 shares of the company's stock worth $22,651,000 after purchasing an additional 230,119 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Talos Energy by 318.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,967,703 shares of the company's stock worth $19,106,000 after purchasing an additional 1,497,472 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Insider Buying and Selling at Talos Energy

In other news, Director Paula R. Glover sold 6,159 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total value of $59,680.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is owned by insiders.

Talos Energy Stock Down 0.9%

Shares of NYSE TALO traded down $0.09 during mid-day trading on Thursday, hitting $9.77. The company had a trading volume of 1,854,035 shares, compared to its average volume of 2,236,949. The company has a market capitalization of $1.71 billion, a PE ratio of -10.07 and a beta of 0.80. The firm has a 50-day simple moving average of $8.83 and a two-hundred day simple moving average of $8.45. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. 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 data 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 company had revenue of $424.72 million during the quarter, compared to analysts' expectations of $443.53 million. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.Talos Energy's revenue for the quarter was down 22.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 EPS. On average, equities analysts expect that Talos Energy Inc. will post -0.44 EPS for the current year.

Wall Street Analyst Weigh In

TALO has been the subject of a number of research reports. Wall Street Zen cut Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Capital One Financial initiated coverage on Talos Energy in a report on Monday, June 16th. They set an "overweight" rating and a $14.00 target price for the company. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Talos Energy presently has a consensus rating of "Moderate Buy" and an average target price 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.