Talos Energy (NYSE:TALO) Stock: Insider Control Empresarial De Capital Sells 265,446 Shares

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 265,446 shares of the company’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $17.30, for a total transaction of $4,592,215.80. Following the sale, the insider directly owned 29,393,590 shares of the company’s stock, valued at $508,509,107. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, October 13th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The stock was sold at an average price of $17.51, for a total value of $47,277,000.00.
• 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 shares were 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 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 value 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 Price Performance

Shares of NYSE:TALO opened at $17.73 on Friday. The business’s 50 day moving average is $16.85 and its 200-day moving average is $15.46. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $2.96 billion, a PE ratio of -7.45 and a beta of 0.42. Talos Energy Inc. has a 1-year low of $8.97 and a 1-year high of $18.73.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share 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 analysts’ expectations of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The business’s revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.27) earnings per share. Sell-side analysts predict that Talos Energy Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KeyCorp lifted their price target 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 raised Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Citigroup increased their target price on Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a report on Monday, September 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Talos Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.43.

Hedge Funds Weigh In On Talos Energy

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Talos Energy in the 2nd quarter worth approximately $256,801,000. Dimensional Fund Advisors LP raised its holdings in shares of Talos Energy by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock valued at $149,234,000 after acquiring an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Talos Energy in the 2nd quarter worth about $51,874,000. Webs Creek Capital Management LP purchased a new position in shares of Talos Energy during the second quarter valued at about $27,039,375. Finally, Bridgeway Capital Management LLC lifted its position in Talos Energy by 14.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,277,658 shares of the company’s stock valued at $14,080,000 after buying an additional 161,652 shares during the period. 89.35% of the stock is currently owned by institutional investors.

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.