The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Talos Energy Inc. shares valued at $212,651 were sold by Riverstone Energy Partners V, on Jun 17. At $20.19 per share, Riverstone Energy Partners V, sold 10,530 shares. The insider’s holdings dropped to 12,291,914 shares worth approximately $208.96 million following the completion of this transaction.
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Also, RIVERSTONE HOLDINGS LLC sold 10,530 shares, netting a total of over 212,651 in proceeds. Following the sale of shares at $20.19 each, the insider now holds 12,291,914 shares.
Before that, Riverstone Energy Partners V, had sold 172,743 shares from its account. In a trade valued at $3,489,806, the Director traded Talos Energy Inc. shares for $20.20 each. Upon closing the transaction, the insider’s holdings decreased to 172,743 shares, worth approximately $209.14 million.
As published in their initiating research note from Stephens on April 14, 2022, Talos Energy Inc. [TALO] has been an Overweight and the price target has been revised to $28. This represents a 39.29% premium over Wednesday’s closing price. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early January. As of November 03, 2021, The Benchmark Company has initiated its “Buy” rating for TALO. Earlier on August 26, 2021, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “an Overweight” for TALO stock which previously was a “a Sector weight”.
Analyzing TALO’s Price Performance
On Wednesday, Talos Energy Inc. [NYSE: TALO] plunged -9.81% to $17.00. The stock’s lowest price that day was $16.965, but it reached a high of $17.90 in the same session. During the last five days, there has been a drop of approximately -21.30%. Over the course of the year, Talos Energy Inc. shares have jumped approximately 73.47%. Shares of the company reached a 52-week high of $25.49 on 06/08/22 and a 52-week low of $9.08 on 01/24/22. A 50-day SMA is recorded $20.07, while a 200-day SMA reached $14.47. Nevertheless, trading volume fell to 1.81 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for Talos Energy Inc. (TALO)
According to the 24-hour chart, there is a support level at 16.68, which, if violated, would cause prices to drop to 16.35. In the upper region, resistance lies at 17.61. The next price resistance is at 18.22. RSI (Relative Strength Index) is 31.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.74, which suggests the price will decrease in the coming days. Percent R is at 99.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Talos Energy Inc. subject to short interest?
Stocks of Talos Energy Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 0.65 million shares to 4.21 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 3.56 million shares. A jump of 15.44% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.93 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.93.
Which companies own the most shares of Talos Energy Inc. (TALO)?
According to BlackRock Fund Advisors filings, the company currently owns 6,530,400 shares, which is about 7.91% of the total TALO shares outstanding. The investor’s shares have appreciated by 10,948 from its previous 13-F filing of 6519452.0 shares. With the completion of the buy, Sourcerock Group LLC’s stake is now worth $96,189,228. The Vanguard Group, Inc. acquire a 29.87% interest valued at $89.4 million while SSgA Funds Management, Inc. purchased a 214,836 stake. A total of 0 shares of Talos Energy Inc. were bought by MacKay Shields LLC during the quarter, and 2,600,849 were bought by Millennium Management LLC. In its current portfolio, Dimensional Fund Advisors LP holds 2,583,922 shares valued at $55.81 million.
In terms of Talos Energy Inc. share price expectations, FactSet research, analysts set an average price target of $30.20 in the next 12 months, up nearly 48.54% from the previous closing price of $18.85. Analysts anticipate Talos Energy Inc. stock to reach $41.00 by 2022, with the lowest price target being $19.00. In spite of this, 5 analysts ranked Talos Energy Inc. stock as a Buy at the end of 2022. On June 08, 2021, Citigroup assigned a price target of “a Buy” to the stock and initiated coverage with a $19.