Key Points
- Talos Energy insider Control Empresarial De Capital sold 1.381 million shares for approximately $25.6 million at an average price of $18.52, reducing its stake by 3.41% to 39.08 million shares.
- Talos reported quarterly EPS of $0.57, beating the $0.36 analyst consensus, while revenue rose 56.5% year over year to $664.81 million.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $19.00; the stock recently opened at $17.16 and has a 52-week range of $8.87 to $18.73.
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 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Talos Energy Stock Performance
TALO opened at $17.16 on Friday. The company has a market cap of $2.86 billion, a PE ratio of -7.21 and a beta of 0.36. The stock has a 50-day moving average of $15.85 and a 200-day moving average of $15.09. Talos Energy Inc. has a 52-week low of $8.87 and a 52-week high of $18.73. 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:TALO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The business had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. During the same period last year, the business earned ($0.27) EPS. The firm's revenue was up 56.5% compared to the same quarter last year. As a group, equities research analysts forecast that Talos Energy Inc. will post 1.4 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in TALO. WINTON GROUP Ltd lifted its holdings in shares of Talos Energy by 1,717.7% during the second quarter. WINTON GROUP Ltd now owns 223,579 shares of the company's stock worth $2,886,000 after buying an additional 211,279 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Talos Energy in the second quarter valued at approximately $2,224,000. Corient Private Wealth LP acquired a new stake in shares of Talos Energy in the second quarter worth $161,000. Amundi grew its stake in shares of Talos Energy by 1.1% in the second quarter. Amundi now owns 57,590 shares of the company's stock worth $743,000 after acquiring an additional 613 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in Talos Energy during the second quarter worth $138,000. 89.35% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on TALO shares. Weiss Ratings lowered shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Zacks Research raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a 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 research note on Monday, July 20th. The Goldman Sachs Group reiterated a "buy" rating and issued a $20.00 target price on shares of Talos Energy in a report on Monday, September 7th. Finally, Roth Capital raised shares of Talos Energy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $19.00.
Read Our Latest Research Report on Talos Energy
Talos Energy Company Profile
(
Get Free Report)
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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