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 stock in a transaction that occurred 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 sale, the insider owned 36,289,036 shares in the company, valued at approximately $618,002,283.08. The trade was a 5.98% 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 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 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 value of $25,576,120.00.

Talos Energy Stock Up 1.1%

TALO stock traded up $0.20 during midday trading on Tuesday, hitting $17.54. The company’s stock had a trading volume of 7,251,156 shares, compared to its average volume of 2,668,506. The firm’s 50-day moving average is $16.66 and its 200-day moving average is $15.44. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy Inc. has a 12 month low of $8.97 and a 12 month high of $18.73. The company has a market cap of $2.93 billion, a PE ratio of -7.37 and a beta of 0.42.

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

Institutional Investors Weigh In On Talos Energy

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new position in shares of Talos Energy in the 2nd quarter worth $63,000. Farther Finance Advisors LLC grew its holdings in shares of Talos Energy by 317.7% in the third quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock worth $148,000 after acquiring an additional 6,885 shares during the period. iSAM Funds UK Ltd purchased a new stake in Talos Energy during the second quarter valued at $138,000. Corient Private Wealth LP purchased a new stake in Talos Energy during the second quarter valued at $161,000. Finally, Vise Technologies Inc. purchased a new stake in Talos Energy during the second quarter valued at $215,000. Institutional investors own 89.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup dropped their price objective on Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. The Goldman Sachs Group reissued a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Monday, September 7th. KeyCorp upped their target price on shares of Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. Zacks Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Talos Energy has an average rating of “Moderate Buy” and a consensus target price of $19.00.

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.