Talos Energy (NYSE:TALO) Shares Gap Up Following Insider Buying Activity

Talos Energy Inc. (NYSE:TALO) shares gapped up prior to trading on Friday following insider buying activity. The stock had previously closed at $10.79, but opened at $11.07. Talos Energy shares last traded at $11.21, with a volume of 33,724 shares traded.

Specifically, insider Control Empresarial De Capital acquired 547,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of $10.92 per share, for a total transaction of $5,973,240.00. Following the completion of the acquisition, the insider now directly owns 40,685,904 shares in the company, valued at approximately $444,290,071.68. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Benchmark reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research report on Thursday, August 8th. Stephens reiterated an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group initiated coverage on shares of Talos Energy in a report on Monday, July 22nd. They set a “buy” rating and a $14.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $20.31.

Talos Energy Stock Performance

The firm’s 50-day moving average price is $11.57 and its two-hundred day moving average price is $12.29. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.01 billion, a PE ratio of 154.14 and a beta of 1.94.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The firm had revenue of $549.17 million for the quarter, compared to analysts’ expectations of $516.61 million. During the same period in the previous year, the company posted $0.06 EPS. The company’s quarterly revenue was up 49.6% compared to the same quarter last year. As a group, research analysts predict that Talos Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in shares of Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after acquiring an additional 917 shares during the last quarter. Headlands Technologies LLC purchased a new position in Talos Energy in the first quarter valued at about $50,000. Nisa Investment Advisors LLC increased its position in Talos Energy by 91.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after purchasing an additional 2,235 shares during the last quarter. Sandia Investment Management LP purchased a new stake in shares of Talos Energy during the 1st quarter worth about $70,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Talos Energy by 44.3% during the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after buying an additional 1,731 shares during the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.

About Talos Energy

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.