12. RESPONSIBLE CONSUMPTION AND PRODUCTION

Talos Energy (NYSE:TALO) Shares Gap Down to $14.50 – Defense World

Written by Amanda

Talos Energy (NYSE:TALO) Shares Gap Down to $14.50  Defense World

Talos Energy Inc. (NYSE:TALOGet Rating)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $14.50, but opened at $14.00. Talos Energy shares last traded at $14.41, with a volume of 610 shares trading hands.

Several research analysts have issued reports on the company. Stephens assumed coverage on Talos Energy in a research report on Wednesday, April 13th. They set an “overweight” rating and a $28.00 target price for the company. KeyCorp boosted their target price on Talos Energy from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, May 26th. Finally, Roth Capital boosted their target price on Talos Energy from $18.00 to $23.00 in a research report on Friday, April 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock 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 current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $1.18 billion, a PE ratio of -9.13 and a beta of 2.34. The business has a fifty day moving average of $19.33 and a 200-day moving average of $15.95.

Talos Energy (NYSE:TALOGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.30. The firm had revenue of $413.57 million during the quarter, compared to analyst estimates of $312.21 million. Talos Energy had a positive return on equity of 12.33% and a negative net margin of 9.19%. As a group, equities research analysts predict that Talos Energy Inc. will post 4.22 EPS for the current year.

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

Institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in shares of Talos Energy during the first quarter worth $41,000. US Bancorp DE increased its position in shares of Talos Energy by 39.2% during the first quarter. US Bancorp DE now owns 2,811 shares of the company’s stock worth $44,000 after purchasing an additional 791 shares in the last quarter. Strs Ohio acquired a new position in shares of Talos Energy during the first quarter worth $45,000. Captrust Financial Advisors increased its position in shares of Talos Energy by 85.6% during the first quarter. Captrust Financial Advisors now owns 3,360 shares of the company’s stock worth $53,000 after purchasing an additional 1,550 shares in the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Talos Energy by 39.0% during the fourth quarter. New York State Teachers Retirement System now owns 11,412 shares of the company’s stock worth $112,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

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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Source: defenseworld.net

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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