Talos Energy (NYSE:TALO) Stock: Insider Control Empresarial De Capital Sells 2,310,000 Shares

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,310,000 shares of the business’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $17.03, for a total transaction of $39,339,300.00. Following the completion of the sale, the insider owned 36,289,036 shares in the company, valued at $618,002,283.08. This represents a 5.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, October 12th, Control Empresarial De Capital sold 2,200,000 shares of Talos Energy stock. The stock was 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 stock was sold at an average price of $17.08, for a total transaction of $29,548,400.00.
• 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 shares were sold at an average price of $18.52, for a total transaction of $25,576,120.00.

Talos Energy Trading Down 3.2%

Shares of TALO stock opened at $17.00 on Thursday. Talos Energy Inc. has a 12-month low of $8.97 and a 12-month high of $18.73. The company has a market capitalization of $2.84 billion, a P/E ratio of -7.14 and a beta of 0.42. The firm has a 50-day moving average price of $16.72 and a 200 day moving average price of $15.44. 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 released its quarterly 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 firm 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 company’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.27) earnings per share. Research analysts forecast that Talos Energy Inc. will post 1.40 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Zacks Research upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Citigroup cut their price objective on Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Talos Energy has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Hedge Funds Weigh In On Talos Energy

Large investors have recently made changes to their positions in the company. WINTON GROUP Ltd boosted its stake in Talos Energy by 1,717.7% in the second quarter. WINTON GROUP Ltd now owns 223,579 shares of the company’s stock valued at $2,886,000 after acquiring an additional 211,279 shares during the last quarter. De Lisle Partners LLP acquired a new stake in Talos Energy during the 2nd quarter worth $2,144,000. Bank of America Corp DE acquired a new stake in Talos Energy during the 2nd quarter worth $7,338,000. Webs Creek Capital Management LP acquired a new stake in Talos Energy during the 2nd quarter worth $27,039,375. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Talos Energy by 394,736.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock valued at $4,729,000 after acquiring an additional 300,000 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy News Summary

Here are the key news stories impacting Talos Energy this week:

• Positive Sentiment: Talos recently reported stronger-than-expected quarterly results, with EPS of $0.57 versus the $0.36 consensus estimate and revenue of $664.81 million versus expectations of $577.92 million. Revenue increased 56.5% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $19.00. Insider Selling: Talos Energy
• Positive Sentiment: Institutional ownership remains high at approximately 89.35%, while BlackRock and several other investment firms established or expanded positions during the second quarter, providing some support for the stock.
• Neutral Sentiment: Talos shares remain near their 52-week high, with the stock trading above its 50-day and 200-day moving averages. This reflects improved momentum but also leaves the shares more sensitive to profit-taking.
• Negative Sentiment: Control Empresarial De Capital sold 1.73 million shares on October 9 at an average of $17.08 for $29.55 million, reducing its position by 4.77%. It then sold 2.31 million shares on October 8 for $39.34 million and 2.2 million shares on October 12 for $37.95 million. Combined, the three reported sales totaled 6.24 million shares worth approximately $106.84 million. Talos Energy Insider Stock Sale

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.