Talos Energy (NYSE:TALO) Insider Sells $1,521,000.00 in Stock

Talos Energy Inc. (NYSE:TALOGet Free Report) insider John Spath sold 90,000 shares of Talos Energy stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $16.90, for a total value of $1,521,000.00. Following the completion of the sale, the insider directly owned 178,788 shares in the company, valued at $3,021,517.20. This trade represents a 33.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Talos Energy Trading Down 0.3%

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

Talos Energy (NYSE:TALOGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $664.81 million during 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 revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.27) EPS. Sell-side analysts anticipate that Talos Energy Inc. will post 1.21 earnings per share for the current fiscal year.

Institutional Trading of Talos Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Talos Energy in the second quarter worth approximately $256,801,000. Sourcerock Group LLC raised 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 worth $149,234,000 after buying an additional 501,552 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Talos Energy in the 2nd quarter worth $51,874,000. Finally, Geode Capital Management LLC grew its position 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 worth $33,682,000 after buying an additional 141,518 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup dropped their price target on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Stephens reissued an “overweight” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Wednesday, July 1st. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings cut Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Finally, Mizuho increased their target price on Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. One equities research 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 company. According to MarketBeat.com, Talos Energy currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Check Out Our Latest Stock Report on TALO

About Talos Energy

(Get Free Report)

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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