Talos Energy Inc. (NYSE:TALO – Get Free Report) insider William Moss III sold 120,000 shares of Talos Energy stock in a transaction on 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 of the company’s stock, 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 document filed with the SEC, which is accessible through the SEC website.
Talos Energy Trading Down 2.6%
Shares of TALO opened at $16.84 on Friday. The stock’s fifty day simple moving average is $15.14 and its 200-day simple moving average is $14.78. The firm has a market capitalization of $2.81 billion, a PE ratio of -7.08 and a beta of 0.36. Talos Energy Inc. has a 12-month low of $8.87 and a 12-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.
Talos Energy (NYSE:TALO – Get Free Report) last announced 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. The firm had revenue of $664.81 million during the quarter, compared to analyst estimates 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 period last year, the company earned ($0.27) earnings per share. As a group, research analysts predict that Talos Energy Inc. will post 1.4 earnings per share for the current year.
Analysts Set New Price Targets
Read Our Latest Analysis on Talos Energy
Institutional Trading of Talos Energy
A number of large investors have recently bought and sold shares of TALO. BlackRock Inc. bought a new position in Talos Energy in the second quarter valued at approximately $256,801,000. Sourcerock Group LLC increased its position in shares of Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after acquiring an additional 1,110,685 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Talos Energy by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock worth $149,234,000 after acquiring an additional 501,552 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Talos Energy during the second quarter worth $51,874,000. Finally, Geode Capital Management LLC lifted its position in Talos Energy by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock valued at $33,682,000 after acquiring an additional 141,518 shares in the last quarter. 89.35% of the stock is owned by institutional investors.
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.
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