Talos Energy (NYSE:TALO) Insider William Moss III Sells 120,000 Shares of Stock

Talos Energy Inc. (NYSE:TALO) insider William Moss III sold 120,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 305,117 shares in the company, valued at $5,284,626.44. This represents a 28.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Talos Energy Trading Down 2.6%

NYSE:TALO opened at $16.84 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy Inc. has a 12 month low of $8.87 and a 12 month high of $18.44. The company has a market cap of $2.81 billion, a PE ratio of -7.08 and a beta of 0.36. The company has a 50 day simple moving average of $15.14 and a two-hundred day simple moving average of $14.78.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $664.81 million for the quarter, compared to analysts’ expectations of $577.92 million. During the same period in the prior year, the firm earned ($0.27) EPS. The company’s revenue was up 56.5% compared to the same quarter last year. Research analysts forecast that Talos Energy Inc. will post 1.21 earnings per share for the current year.

Institutional Trading of Talos Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC lifted 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 buying an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after acquiring an additional 2,123 shares in the last quarter. Quarry LP purchased a new stake in Talos Energy in the 3rd quarter worth approximately $36,000. Public Employees Retirement System of Ohio bought a new stake in Talos Energy during the 2nd quarter worth approximately $63,000. Finally, PNC Financial Services Group Inc. raised its stake in Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after acquiring an additional 1,049 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TALO. Mizuho boosted their price target on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Stephens reaffirmed an “overweight” rating and set a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. Finally, Citigroup decreased their price target on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.