Bridgeway Capital Management LLC Sells 82,931 Shares of Talos Energy Inc. $TALO

Key Points

• Bridgeway Capital Management LLC has reduced its holdings in Talos Energy Inc. by 5.8%, now owning approximately 0.76% of the company worth $13.14 million after selling 82,931 shares.
• Talos Energy saw its stock price drop 3.7%, currently trading at $9.62, with a market cap of $1.68 billion and a price-to-earnings ratio of -9.91.
• In a recent earnings report, Talos Energy posted a loss of ($0.27) EPS, exceeding analyst expectations, though revenues declined 22.7% year-over-year.

Bridgeway Capital Management LLC lowered its stake in Talos Energy Inc. (NYSE:TALO - Free Report) by 5.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,351,672 shares of the company's stock after selling 82,931 shares during the period. Bridgeway Capital Management LLC owned 0.76% of Talos Energy worth $13,138,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mariner LLC bought a new stake in shares of Talos Energy in the 4th quarter worth approximately $126,000. Tower Research Capital LLC TRC lifted its position 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 worth $170,000 after purchasing an additional 7,235 shares during the period. Hsbc Holdings PLC boosted its stake in Talos Energy by 19.4% during 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 in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Talos Energy by 13.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 71,798 shares of the company's stock worth $698,000 after purchasing an additional 8,595 shares during the last quarter. Finally, Northern Trust Corp increased its holdings 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 in the last quarter. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Stock Up 1.2%

NYSE TALO traded up $0.12 during trading on Tuesday, hitting $9.56. 530,147 shares of the company traded hands, compared to its average volume of 2,295,975. The company has a market capitalization of $1.67 billion, a P/E ratio of -9.84 and a beta of 0.79. The business has a fifty day simple moving average of $8.76 and a 200 day simple moving average of $8.42. Talos Energy Inc. has a 12 month low of $6.23 and a 12 month high of $12.71. 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 (NYSE:TALO - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $443.53 million. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The firm's revenue was down 22.7% compared to the same quarter last year. During the same period last year, the business earned $0.03 EPS. As a group, sell-side analysts predict that Talos Energy Inc. will post -0.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TALO shares. 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. Wall Street Zen cut shares of Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Capital One Financial began coverage on shares of Talos Energy in a research report on Monday, June 16th. They issued an "overweight" rating and a $14.00 target price on the stock. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Talos Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

Insider Buying and Selling at Talos Energy

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

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.