Talos Energy (NYSE:TALO) Stock: Insider Control Empresarial De Capital Sells 2,700,000 Shares

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,700,000 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $17.19, for a total transaction of $46,413,000.00. Following the transaction, the insider directly owned 26,641,590 shares in the company, valued at $457,968,932.10. The trade was a 9.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 stock was 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 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 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 Stock Performance

Shares of Talos Energy stock traded up $0.29 during trading hours on Monday, reaching $18.06. The company’s stock had a trading volume of 6,002,305 shares, compared to its average volume of 3,012,882. Talos Energy Inc. has a one year low of $8.97 and a one year high of $18.73. The company’s 50 day simple moving average is $16.90 and its 200 day simple moving average is $15.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $3.01 billion, a P/E ratio of -7.59 and a beta of 0.42.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data 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 business had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The company’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.27) EPS. As a group, analysts expect that Talos Energy Inc. will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

TALO has been the subject of several recent research reports. Zacks Research raised Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Stephens reissued an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a report on Wednesday, July 1st. Citigroup raised their price target on Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Finally, Weiss Ratings downgraded Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat, Talos Energy presently has a consensus rating of “Moderate Buy” and an average target price of $19.43.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Counterpoint Mutual Funds LLC bought a new stake in shares of Talos Energy during the third quarter valued at about $9,513,000. Fortitude Family Office LLC grew its position 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 valued at $72,000 after buying an additional 4,336 shares in the last quarter. Farther Finance Advisors LLC grew its position in Talos Energy by 317.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock valued at $148,000 after buying an additional 6,885 shares in the last quarter. Congress Asset Management Co. increased its stake in Talos Energy by 22.1% during the 3rd quarter. Congress Asset Management Co. now owns 620,253 shares of the company’s stock valued at $10,129,000 after buying an additional 112,239 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Talos Energy by 4.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,535 shares of the company’s stock valued at $381,000 after buying an additional 1,170 shares during the period. Institutional investors own 89.35% of the company’s stock.

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.