Talos Energy (NYSE:TALO) Stock: Insider Control Empresarial De Capital Sells 2,200,000 Shares

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,200,000 shares of Talos Energy stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $17.25, for a total value of $37,950,000.00. Following the completion of the transaction, the insider owned 32,359,036 shares in the company, valued at approximately $558,193,371. This represents a 6.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, October 9th, Control Empresarial De Capital sold 1,730,000 shares of Talos Energy stock. The stock was sold at an average price of $17.08, for a total value of $29,548,400.00.
• On Thursday, October 8th, Control Empresarial De Capital sold 2,310,000 shares of Talos Energy stock. The stock was sold at an average price of $17.03, for a total value 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 Price Performance

Shares of TALO traded up $0.20 during mid-day trading on Tuesday, reaching $17.54. The company had a trading volume of 7,251,156 shares, compared to its average volume of 2,668,506. The company’s 50 day simple moving average is $16.66 and its 200 day simple moving average is $15.44. Talos Energy Inc. has a 1-year low of $8.97 and a 1-year high of $18.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of -7.37 and a beta of 0.42.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.21. The company had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The firm’s revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.27) EPS. Analysts expect 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. Public Employees Retirement System of Ohio bought a new stake in shares of Talos Energy during the second quarter worth about $63,000. iSAM Funds UK Ltd acquired a new position in shares of Talos Energy in the second quarter valued at approximately $138,000. Farther Finance Advisors LLC raised its holdings in Talos Energy by 317.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock valued at $148,000 after buying an additional 6,885 shares during the last quarter. Corient Private Wealth LP bought a new position in Talos Energy in the 2nd quarter valued at approximately $161,000. Finally, Vise Technologies Inc. acquired a new stake in Talos Energy during the 2nd quarter worth approximately $215,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on TALO shares. Zacks Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Citigroup decreased their target price on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. KeyCorp upped their price target on shares of Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, September 15th. Stephens reiterated an “overweight” rating and set a $20.00 price target on shares of Talos Energy in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.00.

Talos Energy Company Profile

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.