Insider Selling: Talos Energy (NYSE:TALO) Insider Sells 2,700,000 Shares of Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,700,000 shares of the business’s stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $17.51, for a total value of $47,277,000.00. Following the sale, the insider owned 29,659,036 shares of the company’s stock, valued at $519,329,720.36. The trade was a 8.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, October 14th, Control Empresarial De Capital sold 265,446 shares of Talos Energy stock. The shares were sold at an average price of $17.30, for a total transaction of $4,592,215.80.
• On Monday, October 12th, Control Empresarial De Capital sold 2,200,000 shares of Talos Energy stock. The shares were sold at an average price of $17.25, for a total transaction of $37,950,000.00.
• On Friday, October 9th, Control Empresarial De Capital sold 1,730,000 shares of Talos Energy stock. The shares were sold at an average price of $17.08, for a total transaction of $29,548,400.00.
• On Thursday, October 8th, Control Empresarial De Capital sold 2,310,000 shares of Talos Energy stock. The shares were sold at an average price of $17.03, for a total transaction of $39,339,300.00.
• On Tuesday, October 6th, Control Empresarial De Capital sold 480,000 shares of Talos Energy stock. The stock was sold at an average price of $16.96, for a total transaction of $8,140,800.00.
• On Tuesday, September 15th, Control Empresarial De Capital sold 1,381,000 shares of Talos Energy stock. The stock was sold at an average price of $18.52, for a total transaction of $25,576,120.00.

Talos Energy Trading Down 0.6%

Shares of Talos Energy stock traded down $0.10 during trading hours on Thursday, hitting $16.93. The company’s stock had a trading volume of 3,104,674 shares, compared to its average volume of 2,865,206. Talos Energy Inc. has a 1-year low of $8.97 and a 1-year high of $18.73. The business has a fifty day moving average of $16.78 and a 200 day moving average of $15.45. The company has a market capitalization of $2.83 billion, a PE ratio of -7.11 and a beta of 0.42. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO) last issued its earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.27) EPS. As a group, equities analysts forecast that Talos Energy Inc. will post 1.40 EPS for the current year.

Institutional Trading of Talos Energy

A number of hedge funds have recently made changes to their positions in TALO. BlackRock Inc. acquired a new position in shares of Talos Energy during the second quarter worth $256,801,000. Dimensional Fund Advisors LP grew its holdings in Talos Energy by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock valued at $149,234,000 after purchasing an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Talos Energy during the 2nd quarter valued at $51,874,000. Webs Creek Capital Management LP acquired a new stake in Talos Energy during the 2nd quarter valued at $27,039,375. Finally, Empowered Funds LLC increased its stake in Talos Energy by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,152,594 shares of the company’s stock worth $18,165,000 after buying an additional 37,689 shares during the period. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analysts Set New Price Targets

TALO has been the topic of several research reports. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Citigroup boosted their price objective on Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Monday, September 7th. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Finally, Stephens reiterated an “overweight” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.43.

About Talos Energy

Talos Energy Inc is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company focuses on offshore assets in the U.S. Gulf of Mexico, where it operates and holds interests in producing fields and prospective exploration acreage.

Talos uses seismic data, drilling and reservoir-management techniques to identify and develop hydrocarbon resources. Its operations are concentrated in the Gulf of Mexico region, with activities spanning exploration, field development, production and related infrastructure.

Founded in 2012, Talos became a publicly traded company in 2018 through its combination with Stone Energy Corporation.