Voya Investment Management LLC Sells 50,529 Shares of Talos Energy Inc. $TALO

Voya Investment Management LLC trimmed its stake in shares of Talos Energy Inc. (NYSE:TALO) by 55.7% in the first quarter, Holdings Channel.com reports. The fund owned 40,225 shares of the company’s stock after selling 50,529 shares during the quarter. Voya Investment Management LLC’s holdings in Talos Energy were worth $391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Talos Energy by 4,379.9% in the first quarter. GAMMA Investing LLC now owns 31,046 shares of the company’s stock valued at $3,194,000 after purchasing an additional 30,353 shares during the last quarter. Parallel Advisors LLC lifted its position in Talos Energy by 2,601.0% during the first quarter. Parallel Advisors LLC now owns 5,321 shares of the company’s stock valued at $52,000 after purchasing an additional 5,124 shares during the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of Talos Energy in the 1st quarter worth approximately $111,000. SG Americas Securities LLC increased its stake in shares of Talos Energy by 11.0% in the first quarter. SG Americas Securities LLC now owns 67,692 shares of the company’s stock worth $658,000 after buying an additional 6,689 shares during the period. Finally, Inscription Capital LLC bought a new stake in shares of Talos Energy during the 1st quarter valued at $195,000. 89.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TALO has been the subject of a number of analyst reports. Mizuho restated a “neutral” rating and issued a $11.00 price target on shares of Talos Energy in a research report on Monday, September 15th. 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 objective for the company. Finally, Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Talos Energy Price Performance

Shares of Talos Energy stock opened at $10.22 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22. The company has a fifty day moving average of $9.04 and a 200-day moving average of $8.52. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of -10.54 and a beta of 0.80. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $12.71.

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.06. The firm had revenue of $424.72 million for the quarter, compared to the consensus estimate of $443.53 million. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The company’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Equities research analysts expect that Talos Energy Inc. will post -0.44 EPS for the current year.

Insider Activity at Talos Energy

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total transaction of $59,680.71. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

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.