Talos Energy (NYSE:TALO) Insider Sells $38,570,035.90 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,141,590 shares of the company’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of $18.01, for a total transaction of $38,570,035.90. Following the completion of the transaction, the insider owned 24,500,000 shares of the company’s stock, valued at $441,245,000. This trade represents a 8.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, October 16th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The shares were sold at an average price of $17.19, for a total value of $46,413,000.00.
• On Thursday, October 15th, Control Empresarial De Capital sold 52,000 shares of Talos Energy stock. The shares were sold at an average price of $17.01, for a total value of $884,520.00.
• On Wednesday, October 14th, Control Empresarial De Capital sold 265,446 shares of Talos Energy stock. The shares were sold at an average price of $17.30, for a total value of $4,592,215.80.
• 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 value 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 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 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 Price Performance

Shares of NYSE TALO traded down $0.00 during trading hours on Wednesday, reaching $18.05. 2,255,597 shares of the stock traded hands, compared to its average volume of 2,239,787. The company has a market capitalization of $3.01 billion, a P/E ratio of -7.58 and a beta of 0.42. 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 Inc. has a 52-week low of $8.97 and a 52-week high of $18.73. The company’s 50-day simple moving average is $16.94 and its two-hundred day simple moving average is $15.49.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The company had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. Talos Energy’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.27) EPS. Equities research analysts forecast that Talos Energy Inc. will post 1.58 EPS for the current year.

Institutional Investors Weigh In On Talos Energy

Several institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new position in Talos Energy during the 2nd quarter worth approximately $63,000. Fortitude Family Office LLC increased its stake in Talos Energy by 8,502.0% in the 3rd quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock worth $72,000 after purchasing an additional 4,336 shares during the period. Nisa Investment Advisors LLC increased its stake in Talos Energy by 57.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company’s stock worth $136,000 after purchasing an additional 3,053 shares during the period. iSAM Funds UK Ltd purchased a new position in Talos Energy in the 2nd quarter worth approximately $138,000. Finally, Farther Finance Advisors LLC lifted its position in Talos Energy by 317.7% in the third quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock valued at $148,000 after purchasing an additional 6,885 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TALO has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. Weiss Ratings lowered shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Monday, September 7th. Finally, Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.43.

About Talos Energy

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.