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 Talos Energy stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $16.38, for a total value of $4,651,920.00. Following the sale, the insider directly owned 40,949,604 shares in the company, valued at $670,754,513.52. The trade was a 0.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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 stock was sold at an average price of $16.68, for a total value of $22,551,360.00.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $14.38 on Thursday. The business’s 50 day moving average is $15.31 and its 200-day moving average is $13.01. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $2.40 billion, a PE ratio of -3.34 and a beta of 0.35. Talos Energy Inc. has a 1-year low of $7.67 and a 1-year high of $17.05.

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

Wall Street Analyst Weigh In

TALO has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Talos Energy from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Benchmark lowered Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Citigroup boosted their price target on Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings raised Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Mizuho lifted their price objective on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday. Three 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.67.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of TALO. Sourcerock Group LLC boosted its stake in Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. Nuveen LLC raised its position in shares of Talos Energy by 341.7% during the fourth quarter. Nuveen LLC now owns 1,423,138 shares of the company’s stock worth $15,683,000 after acquiring an additional 1,100,967 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Talos Energy by 2,347.6% during the fourth quarter. Federated Hermes Inc. now owns 643,231 shares of the company’s stock worth $7,088,000 after acquiring an additional 616,951 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Talos Energy by 25.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock worth $28,440,000 after acquiring an additional 592,509 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Talos Energy by 61.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,506,442 shares of the company’s stock worth $16,601,000 after acquiring an additional 572,628 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 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.