Control Empresarial De Capital Sells 284,000 Shares of Talos Energy (NYSE:TALO) Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 284,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $16.38, for a total value of $4,651,920.00. Following the completion of the transaction, the insider directly owned 40,949,604 shares in the company, valued at approximately $670,754,513.52. The trade was a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, May 20th, Control Empresarial De Capital sold 339,568 shares of Talos Energy stock. The stock was sold at an average price of $16.80, for a total value of $5,704,742.40.
• On Thursday, March 26th, Control Empresarial De Capital sold 960,000 shares of Talos Energy stock. The stock was sold at an average price of $16.65, for a total value of $15,984,000.00.
• On Friday, March 27th, Control Empresarial De Capital sold 1,352,000 shares of Talos Energy stock. The shares were sold at an average price of $16.68, for a total value of $22,551,360.00.

Talos Energy Stock Up 0.2%

Shares of TALO stock opened at $16.07 on Tuesday. Talos Energy Inc. has a fifty-two week low of $7.67 and a fifty-two week high of $17.05. The firm has a market capitalization of $2.68 billion, a PE ratio of -3.73 and a beta of 0.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s 50-day simple moving average is $15.28 and its 200-day simple moving average is $12.94.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. The firm had revenue of $472.31 million during the quarter, compared to the consensus estimate of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The company’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. Equities analysts expect that Talos Energy Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on TALO shares. Weiss Ratings raised shares of Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Citigroup boosted their target price on shares of Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Wall Street Zen raised shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Benchmark downgraded Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Three equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.50.

Institutional Investors Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in TALO. Larson Financial Group LLC grew its stake in shares of Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after purchasing an additional 1,942 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after purchasing an additional 2,123 shares during the period. Quarry LP acquired a new position in shares of Talos Energy in the 3rd quarter valued at $36,000. PNC Financial Services Group Inc. boosted its holdings in Talos Energy by 22.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after buying an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Talos Energy by 395.5% during the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after buying an additional 5,236 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.