R Squared Ltd Makes New Investment in Talos Energy Inc. $TALO

R Squared Ltd purchased a new position in shares of Talos Energy Inc. (NYSE:TALO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,730 shares of the company’s stock, valued at approximately $116,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Comerica Bank boosted its position in Talos Energy by 3.0% during the 1st quarter. Comerica Bank now owns 44,471 shares of the company’s stock worth $432,000 after acquiring an additional 1,298 shares during the period. GAMMA Investing LLC raised 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 buying an additional 2,501 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Talos Energy by 11.8% in the 1st quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after buying an additional 3,007 shares in the last quarter. Pinnacle Holdings LLC raised its stake in shares of Talos Energy by 2.9% in the 1st quarter. Pinnacle Holdings LLC now owns 124,378 shares of the company’s stock worth $1,209,000 after buying an additional 3,493 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Talos Energy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock worth $838,000 after buying an additional 3,783 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Analysts Set New Price Targets

TALO has been the topic of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Talos Energy in a research note on Wednesday, October 8th. Wall Street Zen downgraded Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Mizuho reissued a “neutral” rating and issued a $11.00 price objective on shares of Talos Energy in a research note on Monday, September 15th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.43.

Talos Energy Stock Down 1.9%

Shares of Talos Energy stock opened at $9.74 on Monday. The stock’s fifty day moving average is $9.52 and its 200-day moving average is $8.66. The firm has a market capitalization of $1.70 billion, a PE ratio of -10.04 and a beta of 0.74. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.49. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $12.71.

Talos Energy (NYSE:TALO) last announced its earnings results on Friday, January 6th. The company reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $382.96 million for the quarter. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%. Equities analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current year.

Insider Activity

In other news, Director Paula R. Glover sold 6,159 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was 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 owned by company insiders.

Talos Energy Company 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.