Insider Selling: 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 Talos Energy stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $16.74, for a total transaction of $1,026,279.18. Following the transaction, the insider owned 84,509 shares in the company, valued at $1,414,680.66. The trade was a 42.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Talos Energy Stock Down 0.3%

Shares of NYSE TALO opened at $17.22 on Thursday. Talos Energy Inc. has a 12-month low of $8.87 and a 12-month high of $18.44. The company has a market cap of $2.88 billion, a P/E ratio of -7.24 and a beta of 0.36. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $15.00 and a 200 day moving average price of $14.74.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Talos Energy during the 2nd quarter valued at approximately $256,801,000. Sourcerock Group LLC raised its position in shares of Talos Energy by 11.0% in 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Talos Energy by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock valued at $149,234,000 after purchasing an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Talos Energy during the 2nd quarter valued at approximately $51,874,000. Finally, Geode Capital Management LLC boosted its stake in shares of Talos Energy by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock valued at $33,682,000 after buying an additional 141,518 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Zacks Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Mizuho boosted their target price on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Stephens reaffirmed an “overweight” rating and set a $20.00 price target on shares of Talos Energy in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

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.