Talos Energy (NYSE:TALO) Stock: Insider Control Empresarial De Capital Sells 52,000 Shares

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 52,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $17.01, for a total transaction of $884,520.00. Following the sale, the insider directly owned 29,341,590 shares of the company’s stock, valued at approximately $499,100,445.90. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value of $46,413,000.00.
• 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 value 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 value of $29,548,400.00.
• On Thursday, October 8th, Control Empresarial De Capital sold 2,310,000 shares of Talos Energy stock. The shares were 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 transaction of $8,140,800.00.
• On Tuesday, September 15th, Control Empresarial De Capital sold 1,381,000 shares of Talos Energy stock. The stock was sold at an average price of $18.52, for a total transaction of $25,576,120.00.

Talos Energy Stock Up 1.6%

Shares of TALO stock traded up $0.29 on Monday, hitting $18.06. 6,002,305 shares of the stock were exchanged, compared to its average volume of 3,012,882. The firm has a market capitalization of $3.01 billion, a P/E ratio of -7.59 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 business has a 50-day moving average of $16.90 and a 200 day moving average of $15.47. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.21. The firm had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The company’s revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.27) EPS. Equities analysts anticipate that Talos Energy Inc. will post 1.73 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on TALO shares. Citigroup boosted 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. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings downgraded shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Finally, Zacks Research raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Talos Energy has an average rating of “Moderate Buy” and a consensus price target of $19.43.

Institutional Investors Weigh In On Talos Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd increased its position in Talos Energy by 1,717.7% during the 2nd quarter. WINTON GROUP Ltd now owns 223,579 shares of the company’s stock valued at $2,886,000 after purchasing an additional 211,279 shares during the period. De Lisle Partners LLP acquired a new position in shares of Talos Energy during the second quarter valued at about $2,144,000. Webs Creek Capital Management LP bought a new position in Talos Energy in the second quarter worth approximately $27,039,375. Bank of America Corp DE bought a new position in shares of Talos Energy in the 2nd quarter worth $7,338,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Talos Energy by 394,736.8% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock valued at $4,729,000 after buying an additional 300,000 shares during 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 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.