Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 480,000 Shares of Company Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 480,000 shares of Talos Energy stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $16.96, for a total transaction of $8,140,800.00. Following the sale, the insider owned 38,599,036 shares in the company, valued at $654,639,650.56. This represents a 1.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $25,576,120.00.

Talos Energy Price Performance

NYSE:TALO opened at $16.97 on Friday. The company has a 50-day moving average of $16.51 and a 200-day moving average of $15.41. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of -7.13 and a beta of 0.42. Talos Energy Inc. has a 52 week low of $8.97 and a 52 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.

Talos Energy (NYSE:TALO) last issued its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The business had revenue of $664.81 million for the quarter, compared to analyst estimates of $577.92 million. During the same period in the previous year, the business earned ($0.27) EPS. The firm’s revenue was up 56.5% on a year-over-year basis. As a group, equities research analysts anticipate that Talos Energy Inc. will post 1.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TALO has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a report on Monday, September 7th. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Weiss Ratings lowered shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. KeyCorp lifted their price target on shares of Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Tuesday, September 15th. Finally, Citigroup decreased their price objective on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of TALO. Farther Finance Advisors LLC grew its holdings in shares of Talos Energy by 317.7% during the third 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 last quarter. Congress Asset Management Co. raised its holdings in shares of Talos Energy by 22.1% in the third quarter. Congress Asset Management Co. now owns 620,253 shares of the company’s stock valued at $10,129,000 after buying an additional 112,239 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Talos Energy by 4.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,535 shares of the company’s stock worth $381,000 after buying an additional 1,170 shares in the last quarter. WINTON GROUP Ltd lifted 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 worth $2,886,000 after buying an additional 211,279 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Talos Energy during the 2nd quarter worth about $2,224,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Company Profile

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.