John Spath Sells 90,000 Shares of Talos Energy (NYSE:TALO) Stock

Talos Energy Inc. (NYSE:TALO) insider John Spath sold 90,000 shares of Talos Energy stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $16.90, for a total transaction of $1,521,000.00. Following the completion of the transaction, the insider directly owned 178,788 shares of the company’s stock, valued at $3,021,517.20. This trade represents a 33.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Talos Energy Trading Up 0.1%

Shares of NYSE TALO opened at $17.27 on Wednesday. The firm’s 50 day moving average price is $14.93 and its 200-day moving average price is $14.70. The company has a market cap of $2.88 billion, a PE ratio of -7.26 and a beta of 0.35. 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.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The firm had revenue of $664.81 million for the quarter, compared to analysts’ expectations of $577.92 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The business’s revenue for the quarter was up 56.5% on a year-over-year basis. On average, equities research analysts expect that Talos Energy Inc. will post 1.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on TALO. JPMorgan Chase & Co. lifted their target price on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Mizuho increased their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings downgraded Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Institutional Trading of Talos Energy

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Talos Energy in the second quarter worth about $256,801,000. Sourcerock Group LLC grew its stake in shares of Talos Energy by 11.0% during the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock valued at $94,918,000 after acquiring an additional 1,110,685 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Talos Energy by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock valued at $149,234,000 after acquiring an additional 501,552 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Talos Energy in the 2nd quarter worth approximately $51,874,000. Finally, Geode Capital Management LLC increased its holdings in Talos Energy by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock worth $33,682,000 after acquiring an additional 141,518 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

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.