Insider Selling: Talos Energy (NYSE:TALO) Insider Sells 120,000 Shares

Key Points

• Talos Energy insider William Moss III sold 120,000 shares at an average price of $17.32, generating $2.08 million and reducing his ownership by 28.23% to 305,117 shares.
• TALO shares fell $0.45 to $16.84, but the company’s latest quarterly results exceeded expectations, with EPS of $0.57 versus the $0.36 consensus and revenue up 56.5% year over year.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $18.50; institutional investors own 89.35% of the stock.

Talos Energy Inc. (NYSE:TALO - Get Free Report) insider William Moss III sold 120,000 shares of the business's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $17.32, for a total value of $2,078,400.00. Following the completion of the sale, the insider owned 305,117 shares of the company's stock, valued at $5,284,626.44. This trade represents a 28.23% 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 link.

Talos Energy Stock Performance

TALO stock traded down $0.45 during trading hours on Friday, hitting $16.84. 1,307,061 shares of the stock were exchanged, compared to its average volume of 2,111,607. 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 firm has a market capitalization of $2.81 billion, a P/E ratio of -7.08 and a beta of 0.36. The company has a 50-day simple moving average of $15.07 and a two-hundred day simple moving average of $14.76. Talos Energy Inc. has a 12 month low of $8.87 and a 12 month high of $18.44.

Talos Energy (NYSE:TALO - Get Free Report) last announced 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. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The company had revenue of $664.81 million during the quarter, compared to analysts' expectations of $577.92 million. During the same quarter in the previous year, the business posted ($0.27) earnings per share. Talos Energy's quarterly revenue was up 56.5% on a year-over-year basis. On average, analysts forecast that Talos Energy Inc. will post 1.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on TALO shares. Wall Street Zen upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Zacks Research upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. increased their price target on Talos Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 13th. Roth Capital upgraded Talos Energy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $16.00 to $17.00 in a research note on Wednesday, July 1st. Finally, Weiss Ratings cut Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

Hedge Funds Weigh In On Talos Energy

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Talos Energy during the 2nd quarter worth approximately $256,801,000. Sourcerock Group LLC increased its stake in Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company's stock valued at $94,918,000 after acquiring an additional 1,110,685 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Talos Energy by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company's stock valued at $149,234,000 after purchasing an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Talos Energy during the second quarter worth $51,874,000. Finally, Geode Capital Management LLC lifted its stake in Talos Energy by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company's stock worth $33,682,000 after purchasing an additional 141,518 shares during the last quarter. 89.35% of the stock is owned by institutional investors.

About Talos Energy

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.

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