Talos Energy (NYSE:TALO) Insider Gregory Babcock Sells 61,307 Shares

Talos Energy Inc. (NYSE:TALO) insider Gregory Babcock sold 61,307 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $16.74, for a total value of $1,026,279.18. Following the completion of the transaction, the insider directly owned 84,509 shares in the company, valued at $1,414,680.66. This trade represents a 42.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Talos Energy Trading Up 3.5%

Shares of TALO opened at $17.25 on Tuesday. Talos Energy Inc. has a 12 month low of $8.87 and a 12 month high of $18.44. The stock’s 50-day moving average is $14.86 and its two-hundred day moving average is $14.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $2.88 billion, a PE ratio of -7.25 and a beta of 0.35.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TALO. Zacks Research raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Weiss Ratings downgraded shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. raised their price target on shares of Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Finally, Mizuho lifted their price target on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. One equities research 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. According to MarketBeat, Talos Energy has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TALO. Larson Financial Group LLC increased its holdings in Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after purchasing an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Talos Energy by 134.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after buying an additional 2,123 shares during the last quarter. Quarry LP purchased a new position in shares of Talos Energy during the 3rd quarter valued at approximately $36,000. PNC Financial Services Group Inc. grew its position in shares of Talos Energy by 22.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after buying an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Talos Energy by 395.5% during the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after buying an additional 5,236 shares in the last quarter. Hedge funds and other 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.