John Spath Sells 90,000 Shares of Talos Energy (NYSE:TALO) Stock

Key Points

• Talos Energy insider John Spath sold 90,000 shares at an average price of $16.90, generating $1.52 million and reducing his ownership by 33.48% to 178,788 shares.
• Talos shares rose 3.5% to $17.25, while the company reported quarterly EPS of $0.57 and revenue of $664.81 million, exceeding analyst expectations.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating 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 John Spath sold 90,000 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $16.90, for a total transaction of $1,521,000.00. Following the completion of the sale, the insider owned 178,788 shares of the company's stock, valued at $3,021,517.20. The trade was a 33.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Talos Energy Stock Up 3.5%

Shares of NYSE TALO traded up $0.58 during trading on Monday, hitting $17.25. 1,710,300 shares of the company traded hands, compared to its average volume of 2,117,675. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of -7.25 and a beta of 0.35. The business's fifty day moving average is $14.80 and its 200 day moving average is $14.64. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. Talos Energy Inc. has a fifty-two week low of $8.87 and a fifty-two week high of $18.44.

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

Hedge Funds Weigh In On Talos Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Amundi boosted its holdings in Talos Energy by 1.1% in the 2nd quarter. Amundi now owns 57,590 shares of the company's stock valued at $743,000 after purchasing an additional 613 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Talos Energy by 20.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,243 shares of the company's stock valued at $59,000 after buying an additional 884 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Talos Energy by 28.4% during the fourth quarter. Larson Financial Group LLC now owns 4,240 shares of the company's stock worth $47,000 after acquiring an additional 939 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Talos Energy by 22.7% in 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 last quarter. Finally, US Bancorp DE lifted its holdings in shares of Talos Energy by 17.4% in the 3rd quarter. US Bancorp DE now owns 7,089 shares of the company's stock worth $68,000 after acquiring an additional 1,050 shares during the last quarter. Institutional investors own 89.35% of the company's stock.

Analysts Set New Price Targets

TALO has been the subject of a number of analyst reports. Roth Capital raised Talos Energy from a "neutral" rating to a "buy" rating and increased their price target for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. 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. Citigroup cut their price target on shares of Talos Energy from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Stephens reaffirmed an "overweight" rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Wednesday, July 1st. Finally, Mizuho increased their price objective on shares of Talos Energy from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Talos Energy has an average rating of "Moderate Buy" and an average target price 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.

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