Talos Energy Inc. (NYSE:TALO) Director Riverstone Energy Partners V, Sells 128,892 Shares of Stock

Talos Energy Inc. (NYSE:TALO – Get Rating) Director Riverstone Energy Partners V, sold 128,892 shares of the business’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $19.99, for a total transaction of $2,576,551.08. Following the transaction, the director now directly owns 15,585,911 shares of the company’s stock, valued at $311,562,360.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Riverstone Energy Partners V, also recently made the following trade(s):

• On Monday, April 18th, Riverstone Energy Partners V, sold 128,039 shares of Talos Energy stock. The shares were sold at an average price of $20.11, for a total transaction of $2,574,864.29.
• On Thursday, April 14th, Riverstone Energy Partners V, sold 237,001 shares of Talos Energy stock. The shares were sold at an average price of $19.94, for a total transaction of $4,725,799.94.
• On Tuesday, April 12th, Riverstone Energy Partners V, sold 62,843 shares of Talos Energy stock. The shares were sold at an average price of $19.18, for a total transaction of $1,205,328.74.
• On Tuesday, March 8th, Riverstone Energy Partners V, sold 4,000,000 shares of Talos Energy stock. The shares were sold at an average price of $17.41, for a total transaction of $69,640,000.00.

Shares of NYSE:TALO opened at $18.02 on Friday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -8.01 and a beta of 2.59. Talos Energy Inc. has a 1-year low of $8.57 and a 1-year high of $20.60. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.57 and a current ratio of 0.57. The company has a 50 day moving average price of $16.28 and a 200 day moving average price of $12.98.

Large investors have recently modified their holdings of the stock. Morgan Stanley boosted its stake in Talos Energy by 7.0% in the 2nd quarter. Morgan Stanley now owns 370,440 shares of the company’s stock worth $5,793,000 after purchasing an additional 24,284 shares during the period. Vontobel Holding Ltd. boosted its stake in Talos Energy by 19.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 67,700 shares of the company’s stock worth $932,000 after purchasing an additional 11,000 shares during the period. Amalgamated Bank boosted its stake in Talos Energy by 16.6% in the 3rd quarter. Amalgamated Bank now owns 19,324 shares of the company’s stock worth $266,000 after purchasing an additional 2,755 shares during the period. Maryland State Retirement & Pension System acquired a new position in Talos Energy in the 3rd quarter worth approximately $214,000. Finally, Victory Capital Management Inc. boosted its stake in Talos Energy by 168.9% in the 3rd quarter. Victory Capital Management Inc. now owns 328,271 shares of the company’s stock worth $4,520,000 after purchasing an additional 206,192 shares during the period. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Several equities research analysts have commented on the stock. Stephens assumed coverage on shares of Talos Energy in a research note on Wednesday, April 13th. They issued an “overweight” rating and a $28.00 price target on the stock. Roth Capital raised their price objective on shares of Talos Energy from $18.00 to $23.00 in a research note on Friday. BMO Capital Markets lowered shares of Talos Energy from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $14.00 to $12.50 in a research note on Monday, January 10th. TheStreet upgraded shares of Talos Energy from a “d” rating to a “c” rating in a research note on Friday, February 25th. Finally, KeyCorp raised their price objective on shares of Talos Energy from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Talos Energy presently has an average rating of “Buy” and an average target price of $20.28.

Talos Energy Company Profile (Get Rating)

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.

Further Reading