GAMMA Investing LLC Acquires 30,353 Shares of Talos Energy Inc. (NYSE:TALO)

GAMMA Investing LLC lifted its holdings in Talos Energy Inc. (NYSE:TALO - Free Report) by 4,379.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,046 shares of the company's stock after purchasing an additional 30,353 shares during the quarter. GAMMA Investing LLC's holdings in Talos Energy were worth $3,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. GF Fund Management CO. LTD. purchased a new stake in Talos Energy during the fourth quarter valued at $367,000. GTS Securities LLC purchased a new stake in Talos Energy during the fourth quarter valued at $402,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Talos Energy by 3.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,879,291 shares of the company's stock valued at $18,248,000 after acquiring an additional 61,572 shares during the last quarter. Sourcerock Group LLC increased its position in Talos Energy by 3.6% during the fourth quarter. Sourcerock Group LLC now owns 9,550,772 shares of the company's stock valued at $92,738,000 after acquiring an additional 331,109 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Talos Energy by 279.9% during the fourth quarter. Squarepoint Ops LLC now owns 387,405 shares of the company's stock valued at $3,762,000 after acquiring an additional 285,424 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

Wall Street Analyst Weigh In

TALO has been the subject of a number of research reports. KeyCorp reduced their price objective on Talos Energy from $16.00 to $12.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Citigroup reduced their price objective on Talos Energy from $14.50 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price objective on Talos Energy from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Mizuho reduced their price target on Talos Energy from $12.00 to $11.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Talos Energy currently has an average rating of "Moderate Buy" and a consensus price target of $14.25.

Talos Energy Stock Performance

TALO traded up $0.24 during midday trading on Friday, reaching $9.35. The company had a trading volume of 4,408,743 shares, compared to its average volume of 2,133,782. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average of $7.79 and a two-hundred day moving average of $8.94. The company has a market cap of $1.66 billion, a P/E ratio of 17.32 and a beta of 0.69. Talos Energy Inc. has a 1 year low of $6.23 and a 1 year high of $12.71.

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.