Insider Selling: Talos Energy (NYSE:TALO) Insider Sells 1,352,000 Shares of Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 1,352,000 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of $16.68, for a total value of $22,551,360.00. Following the completion of the sale, the insider directly owned 41,233,604 shares of the company’s stock, valued at $687,776,514.72. The trade was a 3.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Control Empresarial De Capital also recently made the following trade(s):

• On Thursday, March 26th, Control Empresarial De Capital sold 960,000 shares of Talos Energy stock. The shares were sold at an average price of $16.65, for a total value of $15,984,000.00.

Talos Energy Stock Up 3.8%

Talos Energy stock traded up $0.56 during midday trading on Thursday, reaching $15.49. The company’s stock had a trading volume of 514,219 shares, compared to its average volume of 2,382,619. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $2.61 billion, a P/E ratio of -5.46 and a beta of 0.54. The stock’s 50-day simple moving average is $13.32 and its 200-day simple moving average is $11.48. Talos Energy Inc. has a 52-week low of $6.23 and a 52-week high of $17.00.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.17). The company had revenue of $392.24 million for the quarter, compared to analyst estimates of $431.22 million. Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The business’s revenue was down 19.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. On average, sell-side analysts expect that Talos Energy Inc. will post -0.44 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TALO. Mizuho boosted their price objective on shares of Talos Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Benchmark cut Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Citigroup boosted their price target on Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $17.50.

Hedge Funds Weigh In On Talos Energy

Several institutional investors and hedge funds have recently modified their holdings of TALO. Sourcerock Group LLC grew its holdings in Talos Energy by 11.0% during the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after acquiring an additional 1,110,685 shares during the period. Nuveen LLC boosted its position in Talos Energy by 341.7% in the 4th quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock worth $15,683,000 after purchasing an additional 1,100,967 shares in the last quarter. Federated Hermes Inc. boosted its position in Talos Energy by 2,347.6% in the 4th quarter. Federated Hermes Inc. now owns 643,231 shares of the company’s stock worth $7,088,000 after purchasing an additional 616,951 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Talos Energy by 25.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after purchasing an additional 592,509 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Talos Energy by 61.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,506,442 shares of the company’s stock valued at $16,601,000 after purchasing an additional 572,628 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.