Dynamic Technology Lab Private Ltd Makes New Investment in Talos Energy Inc. $TALO

Dynamic Technology Lab Private Ltd bought a new stake in shares of Talos Energy Inc. (NYSE:TALO) during the 2nd quarter, Holdings Channel.com reports. The fund bought 92,742 shares of the company’s stock, valued at approximately $786,000.

Several other large investors have also recently made changes to their positions in the stock. CWM LLC lifted its stake in shares of Talos Energy by 186.3% during the 2nd quarter. CWM LLC now owns 6,027 shares of the company’s stock worth $51,000 after purchasing an additional 3,922 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Talos Energy in the first quarter worth $65,000. GAMMA Investing LLC grew its holdings in Talos Energy by 201.5% in the second quarter. GAMMA Investing LLC now owns 9,631 shares of the company’s stock worth $82,000 after purchasing an additional 6,437 shares during the last quarter. Prudent Man Advisors LLC acquired a new position in shares of Talos Energy during the second quarter worth $115,000. Finally, R Squared Ltd purchased a new stake in shares of Talos Energy during the 2nd quarter valued at $116,000. 89.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TALO. Mizuho reiterated a “neutral” rating and issued a $11.00 target price on shares of Talos Energy in a research note on Monday, September 15th. Wall Street Zen raised Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a report on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Talos Energy presently has a consensus rating of “Hold” and a consensus price target of $13.50.

Insider Buying and Selling at Talos Energy

In other news, Director Paula R. Glover sold 6,159 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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 can be accessed through the SEC website. 0.36% of the stock is currently owned by corporate insiders.

Talos Energy Price Performance

Talos Energy stock opened at $10.98 on Friday. The company has a fifty day simple moving average of $9.83 and a 200-day simple moving average of $9.08. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -11.31 and a beta of 0.75. 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 52-week low of $6.23 and a 52-week high of $11.76.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.23. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The firm had revenue of $450.05 million for the quarter, compared to analyst estimates of $421.73 million. During the same period in the previous year, the business posted ($0.14) earnings per share. Talos Energy’s quarterly revenue was down 11.6% on a year-over-year basis. On average, equities analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.

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.