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

Talos Energy Inc. (NYSE:TALO) insider John Spath sold 90,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.90, for a total transaction of $1,521,000.00. Following the transaction, the insider owned 178,788 shares of the company’s stock, valued at approximately $3,021,517.20. The trade was a 33.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Talos Energy Stock Performance

NYSE TALO opened at $17.25 on Tuesday. Talos Energy Inc. has a 52-week low of $8.87 and a 52-week high of $18.44. The company has a 50-day simple moving average of $14.86 and a 200 day simple moving average of $14.68. 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 company has a market capitalization of $2.88 billion, a PE ratio of -7.25 and a beta of 0.35.

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

Institutional Trading of Talos Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in Talos Energy by 11.8% in the 1st quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after buying an additional 3,007 shares during the period. AQR Capital Management LLC raised its holdings in Talos Energy by 152.1% during the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock valued at $884,000 after acquiring an additional 54,854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Talos Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock worth $838,000 after acquiring an additional 3,783 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Talos Energy by 16.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after acquiring an additional 304,205 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Talos Energy by 132.7% in the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock valued at $3,279,000 after purchasing an additional 220,502 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TALO shares. Mizuho upped their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. raised their target price on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, Stephens reiterated an “overweight” rating and set a $20.00 price target on shares of Talos Energy in a research note 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 given a Sell rating to the stock. According to MarketBeat, Talos Energy has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

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.