Talos Energy Inc. (NYSE:TALO - Get Free Report) 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 transaction of $1,026,279.18. Following the completion of the sale, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Talos Energy Stock Performance
Shares of Talos Energy stock opened at $17.25 on Tuesday. 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 Inc. has a 1 year low of $8.87 and a 1 year high of $18.44. The firm's 50-day simple moving average is $14.86 and its 200-day simple moving average is $14.68. The firm has a market cap of $2.88 billion, a PE ratio of -7.25 and a beta of 0.35.
Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 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 the consensus estimate 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 for the quarter was up 56.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.27) earnings per share. Equities analysts forecast that Talos Energy Inc. will post 1.21 earnings per share for the current fiscal year.
Institutional Trading of Talos Energy
Several hedge funds have recently made changes to their positions in TALO. Amundi boosted its position in Talos Energy by 1.1% during the 2nd quarter. Amundi now owns 57,590 shares of the company's stock valued at $743,000 after purchasing an additional 613 shares during the period. Smartleaf Asset Management LLC increased its position in Talos Energy by 20.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company's stock worth $59,000 after buying an additional 884 shares during the period. Larson Financial Group LLC increased its position in Talos Energy by 28.4% in the fourth quarter. Larson Financial Group LLC now owns 4,240 shares of the company's stock worth $47,000 after buying an additional 939 shares during the period. PNC Financial Services Group Inc. lifted its stake 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 buying an additional 1,049 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Talos Energy by 17.4% in the third quarter. US Bancorp DE now owns 7,089 shares of the company's stock valued at $68,000 after buying an additional 1,050 shares during the last quarter. Institutional investors own 89.35% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TALO. Stephens reiterated an "overweight" rating and issued a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. Zacks Research raised Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. raised their price objective on Talos Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Finally, Mizuho boosted their target price on shares of Talos Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.50.
Read Our Latest 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.
Further Reading
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