Talos Energy Inc. (NYSE:TALO – Get Free Report) shares were up 4.1% on Thursday . The company traded as high as $17.14 and last traded at $17.24. 348,492 shares changed hands during trading, a decline of 83% from the average daily volume of 2,110,699 shares. The stock had previously closed at $16.56.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Mizuho increased their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Citigroup dropped their price target on Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Stephens restated an “overweight” rating and set a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Monday, September 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.
Check Out Our Latest Stock Report on Talos Energy
Talos Energy Stock Up 3.2%
Talos Energy (NYSE:TALO – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.36 by $0.21. The business 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 business’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.27) EPS. As a group, equities research analysts anticipate that Talos Energy Inc. will post 1.4 EPS for the current fiscal year.
Insider Buying and Selling at Talos Energy
In other news, insider Gregory Babcock sold 61,307 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $16.74, for a total value of $1,026,279.18. Following the completion of the transaction, the insider owned 84,509 shares of the company’s stock, valued at $1,414,680.66. The trade was a 42.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Control Empresarial De Capital sold 1,381,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 39,079,036 shares in the company, valued at $723,743,746.72. The trade was a 3.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,652,307 shares of company stock valued at $30,201,799 in the last three months. Company insiders own 0.51% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Talos Energy during the second quarter worth $256,801,000. Canada Pension Plan Investment Board acquired a new position in shares of Talos Energy in the second quarter worth about $51,874,000. Webs Creek Capital Management LP purchased a new stake in shares of Talos Energy during the 2nd quarter worth about $27,039,375. Empowered Funds LLC purchased a new stake in shares of Talos Energy during the 2nd quarter worth about $16,280,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Talos Energy during the 2nd quarter valued at about $12,875,000. 89.35% of the stock is owned by institutional investors and hedge funds.
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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