Talos Energy Inc. (NYSE:TALO – Get Free Report) insider Control Empresarial De Capital sold 1,381,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $18.52, for a total value of $25,576,120.00. Following the completion of the transaction, the insider owned 39,079,036 shares of the company’s stock, valued at $723,743,746.72. This represents a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Talos Energy Stock Performance
Shares of TALO traded down $0.26 during mid-day trading on Thursday, hitting $17.16. 1,254,656 shares of the company traded hands, compared to its average volume of 1,825,729. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a 50-day moving average price of $15.85 and a two-hundred day moving average price of $15.09. Talos Energy Inc. has a 1 year low of $8.87 and a 1 year high of $18.73. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -7.21 and a beta of 0.36.
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 the consensus estimate of $0.36 by $0.21. The company had revenue of $664.81 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company posted ($0.27) earnings per share. Equities analysts anticipate that Talos Energy Inc. will post 1.4 earnings per share for the current year.
Institutional Trading of Talos Energy
Wall Street Analyst Weigh In
A number of analysts have commented on TALO shares. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $17.00 in a report on Wednesday, July 1st. The Goldman Sachs Group restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research note on Monday, September 7th. Stephens reaffirmed an “overweight” rating and set a $20.00 price target on shares of Talos Energy in a report on Wednesday, July 1st. Finally, Zacks Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Talos Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.
Read Our Latest Stock Report on TALO
Talos Energy Company Profile
Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.
Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.
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