Insider Selling: Talos Energy (NYSE:TALO) Insider Sells $4,651,920.00 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 284,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $16.38, for a total transaction of $4,651,920.00. Following the transaction, the insider owned 40,949,604 shares in the company, valued at approximately $670,754,513.52. This represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, May 20th, Control Empresarial De Capital sold 339,568 shares of Talos Energy stock. The shares were sold at an average price of $16.80, for a total transaction of $5,704,742.40.
• On Thursday, March 26th, Control Empresarial De Capital sold 960,000 shares of Talos Energy stock. The shares were sold at an average price of $16.65, for a total transaction of $15,984,000.00.
• On Friday, March 27th, Control Empresarial De Capital sold 1,352,000 shares of Talos Energy stock. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00.

Talos Energy Trading Up 2.7%

Talos Energy stock opened at $14.77 on Friday. The company’s fifty day simple moving average is $15.33 and its 200-day simple moving average is $13.04. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.65. Talos Energy Inc. has a 12 month low of $7.67 and a 12 month high of $17.05. The stock has a market cap of $2.46 billion, a P/E ratio of -3.43 and a beta of 0.35.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The business had revenue of $472.31 million for the quarter, compared to analysts’ expectations of $446.39 million. During the same period in the previous year, the company posted $0.06 EPS. Talos Energy’s revenue was down 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that Talos Energy Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on TALO shares. KeyCorp boosted their price target on shares of Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Benchmark downgraded shares of Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Mizuho increased their target price on shares of Talos Energy from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Finally, Roth Mkm reissued a “neutral” rating and set a $16.00 target price (up from $13.00) on shares of Talos Energy in a research report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Talos Energy currently has an average rating of “Hold” and an average target price of $17.67.

Institutional Investors Weigh In On Talos Energy

A number of hedge funds have recently bought and sold shares of TALO. Royal Bank of Canada grew its position in shares of Talos Energy by 11.8% in the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock valued at $278,000 after purchasing an additional 3,007 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Talos Energy by 152.1% in the first quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock valued at $884,000 after purchasing an additional 54,854 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Talos Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after purchasing an additional 3,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Talos Energy by 16.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock valued at $21,224,000 after purchasing an additional 304,205 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Talos Energy by 132.7% in the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock valued at $3,279,000 after purchasing an additional 220,502 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.

Talos Energy Company Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.