Talos Energy Inc. $TALO Holdings Reduced by Trexquant Investment LP

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 reduced its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 64.9% in the first quarter, according to the company in its most recent 13F 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 period. Trexquant Investment LP owned 0.08% of Talos Energy worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TALO. GAMMA Investing LLC lifted its stake in shares of Talos Energy by 360.9% in the 1st quarter. GAMMA Investing LLC now owns 3,194 shares of the company's stock worth $31,000 after acquiring an additional 2,501 shares during the period. Parallel Advisors LLC lifted its stake in shares of Talos Energy by 2,601.0% in the 1st quarter. Parallel Advisors LLC now owns 5,321 shares of the company's stock worth $52,000 after acquiring an additional 5,124 shares during the period. Signaturefd LLC lifted its stake in shares of Talos Energy by 571.3% in the 1st quarter. Signaturefd LLC now owns 5,612 shares of the company's stock worth $55,000 after acquiring an additional 4,776 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Talos Energy in the 1st quarter worth approximately $65,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Talos Energy in the 1st quarter worth approximately $98,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Paula R. Glover sold 6,159 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total value of $59,680.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.36% of the company's stock.

Talos Energy Stock Down 2.5%

TALO stock opened at $9.46 on Friday. Talos Energy Inc. has a 12 month low of $6.23 and a 12 month high of $12.71. The firm has a market cap of $1.65 billion, a PE ratio of -9.75 and a beta of 0.80. The firm has a 50 day simple moving average of $8.74 and a 200 day simple moving average of $8.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 1.22.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.27) 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 2.34%. The business had revenue of $424.72 million during the quarter, compared to the consensus estimate of $443.53 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The firm's quarterly revenue was down 22.7% on a year-over-year basis. Equities research analysts forecast that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TALO shares. Wall Street Zen lowered shares of Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Mizuho cut their target price on shares of Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Finally, Capital One Financial began coverage on shares of Talos Energy in a research note on Monday, June 16th. They set an "overweight" rating and a $14.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Talos Energy currently has a consensus rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.