Talos Energy (NYSE:TALO) Insider Sells $38,570,035.90 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,141,590 shares of the firm’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $18.01, for a total transaction of $38,570,035.90. Following the completion of the transaction, the insider owned 24,500,000 shares in the company, valued at $441,245,000. The trade was a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 transaction of $46,413,000.00.
• On Thursday, October 15th, Control Empresarial De Capital sold 52,000 shares of Talos Energy stock. The stock was sold at an average price of $17.01, for a total transaction of $884,520.00.
• On Wednesday, October 14th, Control Empresarial De Capital sold 265,446 shares of Talos Energy stock. The stock was 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 stock was sold at an average price of $17.51, for a total value of $47,277,000.00.
• On Monday, October 12th, Control Empresarial De Capital sold 2,200,000 shares of Talos Energy stock. The shares were 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 stock was 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 stock was 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 Performance

Shares of NYSE TALO opened at $18.38 on Friday. The stock has a market capitalization of $3.07 billion, a PE ratio of -7.72 and a beta of 0.42. Talos Energy Inc. has a 52 week low of $9.35 and a 52 week high of $18.73. The stock has a 50 day moving average price of $17.09 and a 200 day moving average price of $15.55. 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 released its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.21. The business had revenue of $664.81 million during the quarter, compared to analysts’ expectations of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.27) EPS. Analysts predict that Talos Energy Inc. will post 1.58 earnings per share for the current fiscal year.

Institutional Trading of Talos Energy

Several hedge funds have recently made changes to their positions in TALO. Fortitude Family Office LLC grew its holdings in Talos Energy by 8,502.0% in the third quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock valued at $72,000 after purchasing an additional 4,336 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Talos Energy in the second quarter worth $63,000. Nisa Investment Advisors LLC raised its position in shares of Talos Energy by 57.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company’s stock valued at $136,000 after acquiring an additional 3,053 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Talos Energy by 317.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock valued at $148,000 after purchasing an additional 6,885 shares during the period. Finally, iSAM Funds UK Ltd acquired a new position in Talos Energy during the 2nd quarter worth $138,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TALO shares. KeyCorp increased their price objective on Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, September 15th. Citigroup lifted their price objective on shares of Talos Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Roth Capital raised Talos Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. The Goldman Sachs Group reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Monday, September 7th. Finally, Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.43.

About Talos Energy

Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.