Talos Energy (NYSE:TALO) Trading Down 8.2%

Talos Energy Inc. (NYSE:TALO – Get Rating)’s share price was down 8.2% during trading on Thursday . The stock traded as low as $15.60 and last traded at $15.61. Approximately 79,103 shares were traded during trading, a decline of 95% from the average daily volume of 1,532,217 shares. The stock had previously closed at $17.00.

Several brokerages recently weighed in on TALO. KeyCorp increased their target price on Talos Energy from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, May 26th. Stephens began coverage on Talos Energy in a report on Wednesday, April 13th. They set an “overweight” rating and a $28.00 target price for the company. TheStreet upgraded Talos Energy from a “d” rating to a “c” rating in a report on Friday, February 25th. Finally, Roth Capital increased their target price on Talos Energy from $18.00 to $23.00 in a report on Friday, April 22nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Talos Energy currently has an average rating of “Moderate Buy” and a consensus target price of $20.64.

The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $1.29 billion, a P/E ratio of -10.01 and a beta of 2.28. The stock has a 50-day moving average of $20.18 and a two-hundred day moving average of $15.45.

In other Talos Energy news, Director Riverstone Energy Partners V, sold 237,001 shares of Talos Energy stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $19.94, for a total value of $4,725,799.94. Following the completion of the sale, the director now owns 15,954,455 shares of the company’s stock, valued at approximately $318,131,832.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Riverstone Holdings Llc sold 35,281 shares of Talos Energy stock in a transaction on Friday, May 20th. The stock was sold at an average price of $19.06, for a total value of $672,455.86. Following the completion of the sale, the director now directly owns 14,437,196 shares of the company’s stock, valued at approximately $275,172,955.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,862,117 shares of company stock valued at $38,830,271. 0.79% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of TALO. BlackRock Inc. boosted its stake in shares of Talos Energy by 0.6% in the 1st quarter. BlackRock Inc. now owns 7,671,614 shares of the company’s stock worth $121,134,000 after buying an additional 43,219 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Talos Energy by 29.3% in the 1st quarter. Vanguard Group Inc. now owns 4,250,289 shares of the company’s stock worth $67,112,000 after buying an additional 962,857 shares during the last quarter. Sourcerock Group LLC boosted its stake in shares of Talos Energy by 92.0% in the 4th quarter. Sourcerock Group LLC now owns 3,882,131 shares of the company’s stock worth $38,045,000 after buying an additional 1,859,998 shares during the last quarter. State Street Corp boosted its stake in shares of Talos Energy by 6.6% in the 1st quarter. State Street Corp now owns 3,471,208 shares of the company’s stock worth $54,810,000 after buying an additional 214,836 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Talos Energy by 18.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,583,922 shares of the company’s stock worth $40,803,000 after buying an additional 409,881 shares during the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

Talos Energy Company Profile (NYSE:TALO)

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2021, the company had proved reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas, and 14,435 thousand barrels of crude oil.

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