Talos Energy (NYSE:TALO) Shares Gap Up on Insider Buying Activity

Talos Energy Inc. (NYSE:TALO) shares gapped up prior to trading on Friday following insider buying activity. The stock had previously closed at $10.79, but opened at $11.07. Talos Energy shares last traded at $11.21, with a volume of 33,724 shares traded.

Specifically, insider Control Empresarial De Capital acquired 547,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was bought at an average cost of $10.92 per share, with a total value of $5,973,240.00. Following the completion of the purchase, the insider now directly owns 40,685,904 shares of the company’s stock, valued at $444,290,071.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

Several brokerages recently commented on TALO. Stephens reiterated an “overweight” rating and set a $24.00 price target on shares of Talos Energy in a report on Wednesday, July 10th. Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group started coverage on Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 price target for the company. Eight analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $20.31.

Talos Energy Trading Up 1.2 %

The firm has a market capitalization of $1.97 billion, a P/E ratio of 156.00 and a beta of 1.94. The stock has a 50-day simple moving average of $11.54 and a two-hundred day simple moving average of $12.27. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.16. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The company had revenue of $549.17 million during the quarter, compared to the consensus estimate of $516.61 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Talos Energy’s revenue for the quarter was up 49.6% compared to the same quarter last year. On average, equities research analysts anticipate that Talos Energy Inc. will post -0.14 earnings per share for the current year.

Institutional Investors Weigh In On Talos Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC grew its stake in shares of Talos Energy by 51.9% during the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after acquiring an additional 917 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Talos Energy during the 1st quarter worth approximately $50,000. Nisa Investment Advisors LLC increased its stake in Talos Energy by 91.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after purchasing an additional 2,235 shares in the last quarter. Sandia Investment Management LP purchased a new position in shares of Talos Energy in the first quarter worth $70,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Talos Energy by 44.3% during the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after buying an additional 1,731 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.