Talos Energy (NYSE:TALO) Insider Sells $29,548,400.00 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 1,730,000 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $17.08, for a total value of $29,548,400.00. Following the completion of the sale, the insider owned 34,559,036 shares of the company’s stock, valued at approximately $590,268,334.88. This trade represents a 4.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 value of $37,950,000.00.
• 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 Stock Performance

NYSE:TALO opened at $16.93 on Friday. The company 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 fifty-two week low of $8.97 and a fifty-two week high of $18.73. 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 fifty day moving average price of $16.78 and a 200-day moving average price of $15.45.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The company had revenue of $664.81 million for the quarter, compared to analysts’ expectations 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 revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.27) earnings per share. As a group, equities analysts anticipate that Talos Energy Inc. will post 1.40 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Talos Energy during the second quarter worth about $256,801,000. Dimensional Fund Advisors LP lifted 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 acquiring 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 about $51,874,000. Webs Creek Capital Management LP acquired a new stake in shares of Talos Energy in the 2nd quarter valued at approximately $27,039,375. Finally, Empowered Funds LLC boosted its stake in shares of Talos Energy by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,152,594 shares of the company’s stock valued at $18,165,000 after purchasing an additional 37,689 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy News Roundup

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.

Analyst Ratings Changes

Several brokerages have recently commented on TALO. Citigroup boosted their target price on shares of Talos Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp increased their price target on shares of Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. Stephens reissued an “overweight” rating and issued a $20.00 price objective on shares of Talos Energy in a research note on Wednesday, July 1st. The Goldman Sachs Group restated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Monday, September 7th. Finally, Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.