Talos Energy Inc. (NYSE:TALO – Get Free Report) insider Gregory Babcock sold 61,307 shares of the firm’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 sale, the insider directly owned 84,509 shares in the company, valued at approximately $1,414,680.66. This trade represents a 42.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Talos Energy Trading Up 0.1%
Shares of TALO stock opened at $17.27 on Wednesday. The firm has a market capitalization of $2.88 billion, a P/E ratio of -7.26 and a beta of 0.35. Talos Energy Inc. has a twelve month low of $8.87 and a twelve month high of $18.44. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $14.93 and its 200 day simple moving average is $14.70.
Talos Energy (NYSE:TALO – Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million during the quarter, compared to analysts’ expectations of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The business’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.27) EPS. As a group, sell-side analysts predict that Talos Energy Inc. will post 1.21 EPS for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Report on TALO
Institutional Investors Weigh In On Talos Energy
Several institutional investors and hedge funds have recently made changes to their positions in TALO. Larson Financial Group LLC raised its position in shares of Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after acquiring an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after acquiring an additional 2,123 shares during the period. Quarry LP bought a new stake in Talos Energy in the third quarter valued at approximately $36,000. PNC Financial Services Group Inc. boosted its holdings 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, EverSource Wealth Advisors LLC increased its position in Talos Energy by 395.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after purchasing an additional 5,236 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.
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.
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