Talos Energy (NYSE:TALO) Stock Price Down 5.6% on Insider Selling

Talos Energy Inc. (NYSE:TALO)’s stock price dropped 5.6% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $15.13 and last traded at $15.14. Approximately 638,002 shares were traded during trading, a decline of 71% from the average daily volume of 2,223,192 shares. The stock had previously closed at $16.04.

Specifically, insider Control Empresarial De Capital sold 284,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $16.38, for a total value of $4,651,920.00. Following the sale, the insider owned 40,949,604 shares of the company’s stock, valued at approximately $670,754,513.52. This represents a 0.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Control Empresarial De Capital sold 339,568 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the transaction, the insider owned 40,460,036 shares in the company, valued at approximately $679,728,604.80. This trade represents a 0.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Mizuho set a $17.00 price target on shares of Talos Energy in a research report on Wednesday, May 6th. KeyCorp upped their price target on shares of Talos Energy from $15.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Wall Street Zen upgraded shares of Talos Energy from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. JPMorgan Chase & Co. upped their price target on shares of Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings upgraded shares of Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Talos Energy Trading Down 6.0%

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of -3.50 and a beta of 0.35. The company’s 50-day moving average is $15.28 and its 200-day moving average is $12.94.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The company had revenue of $472.31 million for the quarter, compared to the consensus estimate of $446.39 million. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue was down 7.9% compared to the same quarter last year. On average, research analysts predict that Talos Energy Inc. will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TALO. Sourcerock Group LLC lifted its position in Talos Energy by 11.0% during the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after purchasing an additional 1,110,685 shares during the period. Nuveen LLC lifted its position in Talos Energy by 341.7% during the 4th quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock valued at $15,683,000 after purchasing an additional 1,100,967 shares during the period. Federated Hermes Inc. lifted its position in Talos Energy by 2,347.6% during the 4th quarter. Federated Hermes Inc. now owns 643,231 shares of the company’s stock valued at $7,088,000 after purchasing an additional 616,951 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Talos Energy by 25.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock valued at $28,440,000 after purchasing an additional 592,509 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Talos Energy by 61.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,506,442 shares of the company’s stock valued at $16,601,000 after purchasing an additional 572,628 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Company Profile

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.