Talos Energy Inc. [TALO] stock for 212,651 USD was sold by Riverstone Energy Partners V,

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 $215.97 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 HOLDINGS LLC 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 $216.15 million.

Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid April. As of January 10, 2022, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for TALO. Earlier on November 03, 2021, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for TALO stock.

Analyzing TALO’s Price Performance

On Thursday, Talos Energy Inc. [NYSE: TALO] plunged -6.89% to $17.57. The stock’s lowest price that day was $17.53, but it reached a high of $19.65 in the same session. During the last five days, there has been a drop of approximately -18.36%. Over the course of the year, Talos Energy Inc. shares have jumped approximately 79.29%. 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 $18.73, while a 200-day SMA reached $16.27. Nevertheless, trading volume fell to 2.84 million shares from 1.02 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 16.85, which, if violated, would cause prices to drop to 16.13. In the upper region, resistance lies at 18.97. The next price resistance is at 20.37. RSI (Relative Strength Index) is 39.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.38, which suggests the price will decrease in the coming days. Percent R is at 99.19%, 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 Jul 14, 2022 jumping by 0.87 million shares to 5.61 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.74 million shares. A jump of 15.51% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.93 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.93.

Which companies own the most shares of Talos Energy Inc. (TALO)?

According to BlackRock Fund Advisors filings, the company currently owns 7,620,205 shares, which is about 9.23% of the total TALO shares outstanding. The investor’s shares have appreciated by 1,089,805 from its previous 13-F filing of 6530400.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $110,120,455. SSgA Funds Management, Inc. acquire a 33.77% interest valued at $96.26 million while Sourcerock Group LLC sold a -311,791 stake. A total of -6,500 shares of Talos Energy Inc. were sold by MacKay Shields LLC during the quarter, and 454,346 were bought by Dimensional Fund Advisors LP. In its current portfolio, Millennium Management LLC holds 1,568,084 shares valued at $32.51 million.

In terms of Talos Energy Inc. share price expectations, FactSet research, analysts set an average price target of $28.20 in the next 12 months, up nearly 43.08% from the previous closing price of $18.87. Analysts anticipate Talos Energy Inc. stock to reach $40.00 by 2022, with the lowest price target being $23.00. On August 26, 2021, KeyBanc Capital Markets assigned a price target of “an Overweight” to the stock and upgraded coverage with a $15.

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