Talos Energy (NYSE:TALO) Insider Sells $45,825,000.00 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,500,000 shares of Talos Energy stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $18.33, for a total transaction of $45,825,000.00. Following the sale, the insider directly owned 22,000,000 shares in the company, valued at $403,260,000. This trade represents a 10.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Tuesday, October 27th, Control Empresarial De Capital sold 308,586 shares of Talos Energy stock. The shares were sold at an average price of $18.50, for a total value of $5,708,841.00.
• 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 stock was 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 shares were sold at an average price of $17.01, for a total transaction of $884,520.00.
• On Wednesday, October 14th, Control Empresarial De Capital sold 265,446 shares of Talos Energy stock. The shares were sold at an average price of $17.30, for a total transaction of $4,592,215.80.
• 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 transaction 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 stock was 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 stock was sold at an average price of $17.03, for a total transaction of $39,339,300.00.

Talos Energy Trading Down 1.9%

Shares of NYSE TALO opened at $17.87 on Friday. 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 stock has a market capitalization of $2.98 billion, a P/E ratio of -7.51 and a beta of 0.42. Talos Energy Inc. has a 52-week low of $9.35 and a 52-week high of $18.76. The stock’s 50 day moving average price is $17.21 and its two-hundred day moving average price is $14.92.

Talos Energy (NYSE:TALO) last issued its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $664.81 million for the quarter, compared to analysts’ expectations of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. Talos Energy’s revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the company posted ($0.27) earnings per share. On average, analysts anticipate that Talos Energy Inc. will post 1.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TALO. Public Employees Retirement System of Ohio acquired a new position in shares of Talos Energy during the second quarter worth approximately $63,000. 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 worth $72,000 after purchasing an additional 4,336 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Talos Energy by 57.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company’s stock worth $136,000 after purchasing an additional 3,053 shares during the last quarter. iSAM Funds UK Ltd bought a new position in shares of Talos Energy during the 2nd quarter worth about $138,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Talos Energy by 317.7% during the 3rd 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 during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

More Talos Energy News

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

• Positive Sentiment: Analysts identify breakout potential. Zacks highlighted TALO as a potential breakout stock, citing projected earnings growth and a share price near its 52-week high. The stock also has several bullish ratings, including a $23 price target from KeyCorp and a $22 target from Goldman Sachs. Zacks breakout stocks article
• Positive Sentiment: Recent operating results exceeded expectations. Talos most recently reported adjusted earnings of $0.57 per share versus the $0.36 consensus estimate, while revenue of $664.8 million increased 56.5% year over year and surpassed forecasts. Analysts currently expect approximately $1.58 in full-year EPS. Talos Energy earnings and analyst data
• Neutral Sentiment: Broader oil-market investor activity provides context. Mexico’s richest man reportedly sold approximately $1.15 billion in oil stocks, suggesting portfolio repositioning among major energy investors, although the article does not establish that the sales reflect a change in Talos’s operating outlook. Mexico oil stock sales article
• Negative Sentiment: Repeated large shareholder disposals are the main near-term overhang. Control Empresarial De Capital sold 1.2 million TALO shares for approximately $22.0 million on October 28, following a sale of 308,586 shares worth $5.7 million on October 27. The holder also reported a 2.5 million-share sale earlier in the month. The latest transactions reduced its ownership to 20.49 million shares, potentially increasing selling pressure and investor concerns about supply. SEC insider transaction filing

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TALO shares. Weiss Ratings cut shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Citigroup lifted their price objective on shares of Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Zacks Research downgraded Talos Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. Finally, KeyCorp raised their price objective on Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 15th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Talos Energy presently has an average rating of “Hold” and a consensus target price of $19.71.

Talos Energy Company Profile

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.