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 the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $17.25, for a total transaction of $37,950,000.00. Following the transaction, the insider directly owned 32,359,036 shares in the company, valued at $558,193,371. This represents a 6.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 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 shares were 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 Trading Down 3.2%

Shares of NYSE:TALO opened at $17.00 on Thursday. The company has a market capitalization of $2.84 billion, a P/E ratio of -7.14 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. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The business’s 50 day simple moving average is $16.72 and its 200 day simple moving average is $15.44.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping 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 return on equity of 1.94% and a negative net margin of 20.46%. The company’s revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.27) EPS. On average, research analysts anticipate that Talos Energy Inc. will post 1.40 EPS for the current fiscal year.

Trending Headlines about Talos Energy

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

Institutional Trading of Talos Energy

Several large investors have recently made changes to their positions in TALO. BlackRock Inc. bought a new position in Talos Energy in the second quarter valued at approximately $256,801,000. Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Talos Energy during the second quarter valued at approximately $51,874,000. Webs Creek Capital Management LP acquired a new position in Talos Energy during the second quarter valued at approximately $27,039,375. Finally, Empowered Funds LLC lifted its stake in Talos Energy by 3.4% during the first quarter. Empowered Funds LLC now owns 1,152,594 shares of the company’s stock worth $18,165,000 after purchasing an additional 37,689 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analysts Forecast Growth

TALO has been the topic of several analyst reports. Citigroup reduced their target price on Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Monday, September 7th. Zacks Research raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, KeyCorp upped their price objective on shares of Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. One 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.