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

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 265,446 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 29,393,590 shares of the company’s stock, valued at approximately $508,509,107. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 shares were 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 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 stock was 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

TALO stock traded down $0.10 during trading on Thursday, hitting $16.93. 3,104,674 shares of the stock traded hands, compared to its average volume of 2,865,206. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -7.11 and a beta of 0.42. Talos Energy Inc. has a one year low of $8.97 and a one year high of $18.73. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The company has a 50 day simple moving average of $16.78 and a 200 day simple moving average of $15.45.

Talos Energy (NYSE:TALO) last announced its earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The business had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. During the same period in the previous year, the business earned ($0.27) EPS. Talos Energy’s revenue was up 56.5% compared to the same quarter last year. Equities analysts expect that Talos Energy Inc. will post 1.40 EPS for the current fiscal year.

Institutional Trading of Talos Energy

A number of hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC grew its holdings in Talos Energy by 8,502.0% during the third quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock valued at $72,000 after purchasing an additional 4,336 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Talos Energy in the second quarter worth $63,000. Farther Finance Advisors LLC boosted its position in shares of Talos Energy by 317.7% during the third quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock worth $148,000 after purchasing an additional 6,885 shares in the last quarter. iSAM Funds UK Ltd bought a new position in shares of Talos Energy during the second quarter worth $138,000. Finally, Corient Private Wealth LP bought a new position in shares of Talos Energy during the second quarter worth $161,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Monday, September 7th. Citigroup boosted their price target on shares of Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. Finally, Zacks Research upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Talos Energy presently has an average rating of “Moderate Buy” and an average price target of $19.43.

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.