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

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 265,446 shares of the company’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $17.30, for a total transaction of $4,592,215.80. Following the completion of the transaction, the insider owned 29,393,590 shares of the company’s stock, valued at $508,509,107. This trade represents a 0.89% 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 Tuesday, October 13th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The shares were 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 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 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 stock was sold at an average price of $18.52, for a total transaction of $25,576,120.00.

Talos Energy Trading Down 0.6%

Shares of TALO opened at $16.93 on Friday. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of -7.11 and a beta of 0.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. Talos Energy Inc. has a fifty-two week low of $8.97 and a fifty-two week high of $18.73. The firm has a 50 day moving average price of $16.78 and a 200-day moving average price of $15.45.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The company had revenue of $664.81 million during the quarter, compared to analysts’ expectations of $577.92 million. During the same quarter in the prior year, the company earned ($0.27) EPS. The firm’s revenue was up 56.5% on a year-over-year basis. As a group, equities research analysts forecast that Talos Energy Inc. will post 1.40 earnings per share for the current year.

Trending Headlines about Talos Energy

Here are the key news stories impacting Talos Energy this week:

• Positive Sentiment: Citigroup raised its Talos Energy price target from $18 to $21 and upgraded the stock to “buy,” implying roughly 24% upside from the referenced price. The higher target supports the bullish case for TALO. Benzinga analyst update
• Positive Sentiment: Talos previously reported stronger-than-expected quarterly results, including earnings per share of $0.57 versus the $0.36 consensus estimate and revenue growth of 56.5% year over year. Analysts expect approximately $1.40 in full-year EPS.
• Neutral Sentiment: Institutional ownership remains high at approximately 89%, with BlackRock, Canada Pension Plan Investment Board and other funds establishing sizable positions during the second quarter. This indicates continued institutional interest, although it does not offset the recent insider selling pressure.
• Negative Sentiment: Control Empresarial De Capital sold 2.7 million TALO shares on October 13 for approximately $47.3 million and another 265,446 shares on October 14 for about $4.6 million. The sales reduced its direct ownership to roughly 29.4 million shares. SEC insider transaction filing
• Negative Sentiment: These transactions follow additional sales of 2.2 million shares on October 12, 1.73 million on October 9 and 2.31 million on October 8. In total, the disclosed October sales represent more than 9 million shares and approximately $158 million in proceeds, creating a meaningful supply overhang and signaling that a large holder is reducing exposure.

Institutional Trading of Talos Energy

Several hedge funds and other institutional investors have recently bought and sold shares of TALO. BlackRock Inc. bought a new stake in Talos Energy in the second quarter valued at approximately $256,801,000. Dimensional Fund Advisors LP grew its holdings in shares of Talos Energy by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock worth $149,234,000 after purchasing an additional 501,552 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Talos Energy in the second quarter worth approximately $51,874,000. Webs Creek Capital Management LP bought a new position in shares of Talos Energy in the second quarter worth approximately $27,039,375. Finally, Bridgeway Capital Management LLC increased its stake in shares of Talos Energy by 14.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,277,658 shares of the company’s stock worth $14,080,000 after buying an additional 161,652 shares during the period. Institutional investors own 89.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TALO shares. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and boosted their price target for the stock 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 research report on Thursday, August 6th. Stephens reaffirmed an “overweight” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Wednesday, July 1st. The Goldman Sachs Group reiterated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Monday, September 7th. Finally, Citigroup lifted their price objective on Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday. One research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.43.

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.