Talos Energy (NYSE:TALO) Insider Sells 120,000 Shares

Talos Energy Inc. (NYSE:TALO) insider William Moss III sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $17.32, for a total value of $2,078,400.00. Following the completion of the sale, the insider directly owned 305,117 shares in the company, valued at $5,284,626.44. This trade represents a 28.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Talos Energy Price Performance

NYSE TALO traded down $0.45 during trading on Friday, hitting $16.84. 1,307,061 shares of the company’s stock were exchanged, compared to its average volume of 2,111,607. The company has a market cap of $2.81 billion, a PE ratio of -7.08 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. Talos Energy Inc. has a fifty-two week low of $8.87 and a fifty-two week high of $18.44. The stock’s 50 day moving average price is $15.07 and its two-hundred day moving average price is $14.76.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in 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. JPMorgan Chase & Co. upped their price objective on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Stephens restated an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a research report on Wednesday, July 1st. Finally, Mizuho lifted their price target on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Talos Energy in the 2nd quarter valued at $256,801,000. Sourcerock Group LLC grew its holdings in Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares during the period. Dimensional Fund Advisors LP increased its stake in Talos Energy by 5.6% in the first 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 acquired a new position in shares of Talos Energy during the second quarter valued at about $51,874,000. Finally, Geode Capital Management LLC raised its holdings in shares of Talos Energy by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock valued at $33,682,000 after purchasing an additional 141,518 shares during the period. 89.35% of the stock is 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.