Talos Energy (NYSE:TALO) Insider Sells $1,026,279.18 in Stock

Talos Energy Inc. (NYSE:TALO) insider Gregory Babcock sold 61,307 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $16.74, for a total value of $1,026,279.18. Following the completion of the sale, the insider owned 84,509 shares of the company’s stock, valued at $1,414,680.66. This trade represents a 42.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Talos Energy Stock Performance

NYSE TALO traded up $0.58 on Monday, reaching $17.25. The stock had a trading volume of 1,710,300 shares, compared to its average volume of 2,117,675. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $2.88 billion, a P/E ratio of -7.25 and a beta of 0.35. The firm has a fifty day moving average of $14.80 and a two-hundred day moving average of $14.64. Talos Energy Inc. has a 1-year low of $8.87 and a 1-year high of $18.44.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The company had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The company’s revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.27) earnings per share. On average, equities research analysts anticipate that Talos Energy Inc. will post 1.21 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on TALO shares. Weiss Ratings cut shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Mizuho boosted their price target on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Finally, Stephens reaffirmed an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Investors Weigh In On Talos Energy

Large investors have recently modified their holdings of the business. Amundi raised its holdings in shares of Talos Energy by 1.1% during the 2nd quarter. Amundi now owns 57,590 shares of the company’s stock worth $743,000 after buying an additional 613 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Talos Energy by 20.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company’s stock valued at $59,000 after buying an additional 884 shares in the last quarter. Larson Financial Group LLC boosted its stake in Talos Energy by 28.4% in the fourth quarter. Larson Financial Group LLC now owns 4,240 shares of the company’s stock valued at $47,000 after buying an additional 939 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after acquiring an additional 1,049 shares during the last quarter. Finally, US Bancorp DE raised its stake in Talos Energy by 17.4% during the third quarter. US Bancorp DE now owns 7,089 shares of the company’s stock worth $68,000 after acquiring an additional 1,050 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.