Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 339,568 Shares of Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 339,568 shares of Talos Energy stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total value of $5,704,742.40. Following the completion of the sale, the insider directly owned 40,460,036 shares of the company’s stock, valued at $679,728,604.80. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, March 26th, Control Empresarial De Capital sold 960,000 shares of Talos Energy stock. The shares were 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 stock was sold at an average price of $16.68, for a total value of $22,551,360.00.

Talos Energy Stock Up 1.2%

Shares of Talos Energy stock opened at $16.07 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.65. Talos Energy Inc. has a 12 month low of $7.67 and a 12 month high of $17.05. The business has a fifty day simple moving average of $15.23 and a 200 day simple moving average of $12.87. The stock has a market cap of $2.68 billion, a PE ratio of -3.73 and a beta of 0.35.

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

Analysts Set New Price Targets

TALO has been the subject of a number of research analyst reports. Benchmark cut Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. KeyCorp boosted their target price on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Mizuho set a $17.00 target price on Talos Energy in a research note on Wednesday, May 6th. JPMorgan Chase & Co. boosted their target price on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings raised Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Talos Energy currently has a consensus rating of “Hold” and a consensus target price of $17.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted its holdings in shares of Talos Energy by 142.9% in the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after purchasing an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Talos Energy by 134.4% in the second 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 in the last quarter. Quarry LP bought a new stake in shares of Talos Energy in the third quarter valued at about $36,000. PNC Financial Services Group Inc. lifted its holdings in shares of Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after purchasing an additional 5,236 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

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.