Talos Energy (NYSE:TALO) Stock: Insider Control Empresarial De Capital Sells 308,586 Shares

Talos Energy Inc. (NYSE:TALO – Get Free Report) insider Control Empresarial De Capital sold 308,586 shares of the company’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $18.50, for a total transaction of $5,708,841.00. Following the transaction, the insider directly owned 21,691,414 shares of the company’s stock, valued at approximately $401,291,159. This trade represents a 1.40% decrease in their ownership of the stock. 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 Wednesday, October 28th, Control Empresarial De Capital sold 1,200,000 shares of Talos Energy stock. The stock was sold at an average price of $18.33, for a total value of $21,996,000.00.
  • On Friday, October 23rd, Control Empresarial De Capital sold 2,500,000 shares of Talos Energy stock. The stock was sold at an average price of $18.33, for a total transaction of $45,825,000.00.
  • On Monday, October 19th, Control Empresarial De Capital sold 2,141,590 shares of Talos Energy stock. The stock was sold at an average price of $18.01, for a total transaction of $38,570,035.90.
  • On Friday, October 16th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The shares were sold at an average price of $17.19, for a total transaction of $46,413,000.00.
  • On Thursday, October 15th, Control Empresarial De Capital sold 52,000 shares of Talos Energy stock. The stock was 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 shares were 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 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.

Talos Energy Stock Performance

TALO traded down $0.34 during trading on Thursday, reaching $17.87. 4,598,867 shares of the company’s stock were exchanged, compared to its average volume of 2,284,653. Talos Energy Inc. has a fifty-two week low of $9.35 and a fifty-two week high of $18.76. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average price of $17.20 and a 200 day moving average price of $14.89. The company has a market capitalization of $2.98 billion, a P/E ratio of -7.51 and a beta of 0.42.

Talos Energy (NYSE:TALO – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The company had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The firm’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.27) earnings per share. As a group, analysts predict that Talos Energy Inc. will post 1.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TALO has been the subject of a number of research reports. Zacks Research cut Talos Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Citigroup upped their price target on Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $22.00 price objective on shares of Talos Energy in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Talos Energy presently has an average rating of “Hold” and an average price target of $19.71.

Read Our Latest Report on TALO

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TALO. Fortitude Family Office LLC lifted its stake in shares of Talos Energy by 8,502.0% in the third quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock worth $72,000 after acquiring an additional 4,336 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Talos Energy in the 2nd quarter valued at about $63,000. Nisa Investment Advisors LLC boosted its holdings in shares of Talos Energy by 57.7% in the third quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company’s stock worth $136,000 after buying an additional 3,053 shares during the period. Farther Finance Advisors LLC increased its stake 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 during the period. Finally, iSAM Funds UK Ltd bought a new position in Talos Energy during the second quarter valued at approximately $138,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Company Profile

(Get Free Report)

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.

See Also

Insider Buying and Selling by Quarter for Talos Energy (NYSE:TALO)

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