Talos Energy Inc. $TALO Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lowered its position in Talos Energy Inc. (NYSE:TALO) by 5.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,351,672 shares of the company’s stock after selling 82,931 shares during the period. Bridgeway Capital Management LLC’s holdings in Talos Energy were worth $13,138,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its position in Talos Energy by 0.6% during the first quarter. Vanguard Group Inc. now owns 9,992,530 shares of the company’s stock worth $97,127,000 after buying an additional 58,165 shares in the last quarter. Sourcerock Group LLC boosted its position in shares of Talos Energy by 3.6% in the fourth quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company’s stock worth $92,738,000 after acquiring an additional 331,109 shares during the last quarter. American Century Companies Inc. raised its position in shares of Talos Energy by 9.8% in the 1st quarter. American Century Companies Inc. now owns 4,861,119 shares of the company’s stock worth $47,250,000 after buying an additional 433,573 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Talos Energy by 11.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,330,304 shares of the company’s stock valued at $22,651,000 after purchasing an additional 230,119 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position 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 during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.

Talos Energy Trading Down 3.7%

Talos Energy stock opened at $9.62 on Thursday. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $12.71. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -9.91 and a beta of 0.80. The firm has a 50-day moving average price of $8.71 and a two-hundred day moving average price of $8.43.

Talos Energy (NYSE:TALO) last released its quarterly earnings results 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. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The company had revenue of $424.72 million for the quarter, compared to analysts’ expectations of $443.53 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year. Sell-side analysts expect that Talos Energy Inc. will post -0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TALO. Mizuho decreased 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. Capital One Financial began coverage on Talos Energy in a research note on Monday, June 16th. They set an “overweight” rating and a $14.00 target price for the company. Finally, Wall Street Zen downgraded Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.