Riverstone Energy Partners V, Sells 237,001 Shares of Talos Energy Inc. (NYSE:TALO) Stock

Talos Energy Inc. (NYSE:TALOGet Rating) Director Riverstone Energy Partners V, sold 237,001 shares of Talos Energy stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $19.94, for a total transaction of $4,725,799.94. Following the transaction, the director now owns 15,954,455 shares in the company, valued at approximately $318,131,832.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • 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 TALO traded up $0.05 during midday trading on Monday, hitting $20.00. The company had a trading volume of 1,235,632 shares, compared to its average volume of 1,478,378. The firm has a 50 day moving average price of $15.52. The stock has a market cap of $1.65 billion, a PE ratio of -8.89 and a beta of 2.59. Talos Energy Inc. has a 52 week low of $8.57 and a 52 week high of $20.60. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.26.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TALO. Sourcerock Group LLC grew its position in shares of Talos Energy by 92.0% during the 4th quarter. Sourcerock Group LLC now owns 3,882,131 shares of the company’s stock valued at $38,045,000 after buying an additional 1,859,998 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Talos Energy during the 3rd quarter valued at about $12,889,000. BlackRock Inc. grew its position in shares of Talos Energy by 12.1% during the 3rd quarter. BlackRock Inc. now owns 7,099,633 shares of the company’s stock valued at $97,760,000 after buying an additional 767,176 shares during the last quarter. State Street Corp grew its position in shares of Talos Energy by 24.0% during the 4th quarter. State Street Corp now owns 3,256,372 shares of the company’s stock valued at $31,912,000 after buying an additional 629,567 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Talos Energy during the 4th quarter valued at about $4,851,000. 94.99% of the stock is owned by institutional investors.

A number of equities analysts have commented on TALO shares. KeyCorp boosted their price objective on shares of Talos Energy from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. Stephens started coverage on shares of Talos Energy in a report on Wednesday, April 13th. They issued an “overweight” rating and a $28.00 price objective on the stock. Zacks Investment Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, April 13th. BMO Capital Markets lowered shares of Talos Energy from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $14.00 to $12.50 in a report on Monday, January 10th. Finally, TheStreet upgraded shares of Talos Energy from a “d” rating to a “c” rating in a report on Friday, February 25th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $19.61.

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.

Read More

Insider Buying and Selling by Quarter for Talos Energy (NYSE:TALO)

Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.