Insider Selling: Talos Energy (NYSE:TALO) Insider Sells $1,026,279.18 in Stock

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

Talos Energy Price Performance

NYSE:TALO traded up $0.58 on Monday, hitting $17.25. The company had a trading volume of 1,710,300 shares, compared to its average volume of 2,117,675. Talos Energy Inc. has a 52 week low of $8.87 and a 52 week high of $18.44. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of -7.25 and a beta of 0.35. The firm has a 50 day moving average of $14.80 and a two-hundred day moving average of $14.64.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $664.81 million for the quarter, compared to analysts’ expectations 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 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 anticipate that Talos Energy Inc. will post 1.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TALO shares. Mizuho lifted 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. Zacks Research raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Weiss Ratings downgraded shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $18.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Talos Energy in the 2nd quarter valued at about $256,801,000. Canada Pension Plan Investment Board bought a new stake in Talos Energy in the second quarter valued at approximately $51,874,000. Webs Creek Capital Management LP bought a new stake in Talos Energy in the second quarter valued at approximately $27,039,375. California State Teachers Retirement System increased its position in Talos Energy by 1,039.0% during the 2nd quarter. California State Teachers Retirement System now owns 1,827,475 shares of the company’s stock valued at $23,593,000 after purchasing an additional 1,667,033 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Talos Energy during the 2nd quarter valued at approximately $16,280,000. 89.35% of the stock is owned by institutional investors and hedge funds.

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.