Key Points
- Insider William Moss III sold 120,000 Talos Energy shares at an average price of $17.32, generating approximately $2.08 million. His remaining direct ownership fell by 28.23% to 305,117 shares.
- Talos Energy shares opened at $16.84 after declining 2.6%, while the stock’s 52-week range is $8.87 to $18.44. The company reported quarterly EPS of $0.57, exceeding the $0.36 consensus estimate, with revenue up 56.5% year over year.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $18.50; institutional investors own 89.35% of the company’s shares.
Talos Energy Inc. (NYSE:TALO - Get Free Report) insider William Moss III sold 120,000 shares of the company's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $17.32, for a total transaction of $2,078,400.00. Following the completion of the transaction, the insider directly owned 305,117 shares of the company's stock, valued at $5,284,626.44. This represents a 28.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Talos Energy Trading Down 2.6%
Shares of TALO stock opened at $16.84 on Friday. Talos Energy Inc. has a 52-week low of $8.87 and a 52-week high of $18.44. 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 firm has a market capitalization of $2.81 billion, a PE ratio of -7.08 and a beta of 0.36. The stock has a fifty day simple moving average of $15.14 and a two-hundred day simple moving average of $14.78.
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, 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 return on equity of 1.94% and a negative net margin of 20.46%.The business's revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.27) earnings per share. On average, analysts predict that Talos Energy Inc. will post 1.21 EPS for the current fiscal year.
Institutional Trading of Talos Energy
Several hedge funds have recently modified their holdings of TALO. Larson Financial Group LLC boosted its position in shares of Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company's stock valued at $32,000 after acquiring an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company's stock worth $32,000 after purchasing an additional 2,123 shares during the last quarter. Quarry LP purchased a new stake in Talos Energy during the third quarter valued at $36,000. Public Employees Retirement System of Ohio bought a new position in Talos Energy during the second quarter valued at $63,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Talos Energy by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company's stock worth $54,000 after buying an additional 1,049 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TALO has been the topic of a number of research analyst reports. Wall Street Zen raised Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Citigroup lowered their target price on shares of Talos Energy from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Mizuho upped their target price on shares of Talos Energy from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 27th. Finally, Stephens reissued an "overweight" rating and set a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.50.
Read Our Latest Stock Analysis on TALO
Talos Energy Company Profile
(
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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