Talos Energy (NYSE:TALO) Stock: Insider Control Empresarial De Capital Sells 1,730,000 Shares

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 1,730,000 shares of the firm’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $17.08, for a total transaction of $29,548,400.00. Following the completion of the transaction, the insider directly owned 34,559,036 shares in the company, valued at $590,268,334.88. This trade represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 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 transaction 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 Price Performance

Shares of NYSE TALO opened at $17.00 on Thursday. Talos Energy Inc. has a fifty-two week low of $8.97 and a fifty-two week high of $18.73. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of -7.14 and a beta of 0.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The firm’s 50-day simple moving average is $16.72 and its 200 day simple moving average is $15.44.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The company’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.27) EPS. As a group, research analysts anticipate that Talos Energy Inc. will post 1.40 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TALO. Public Employees Retirement System of Ohio bought a new stake in Talos Energy in the 2nd quarter worth about $63,000. Fortitude Family Office LLC increased its stake in Talos Energy by 8,502.0% in the 3rd quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock valued at $72,000 after buying an additional 4,336 shares during the last quarter. iSAM Funds UK Ltd bought a new position in shares of Talos Energy during the 2nd quarter worth approximately $138,000. Farther Finance Advisors LLC lifted its position in shares of Talos Energy by 317.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock worth $148,000 after buying an additional 6,885 shares in the last quarter. Finally, Corient Private Wealth LP bought a new position in shares of Talos Energy during the 2nd quarter worth approximately $161,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TALO. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Monday, September 7th. Zacks Research raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Citigroup lowered their price target on Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, KeyCorp raised their price objective on Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Talos Energy has a consensus rating of “Moderate Buy” and an average price target of $19.00.

More Talos Energy News

Here are the key news stories impacting Talos Energy this week:

• Positive Sentiment: Talos recently reported stronger-than-expected quarterly results, with EPS of $0.57 versus the $0.36 consensus estimate and revenue of $664.81 million versus expectations of $577.92 million. Revenue increased 56.5% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $19.00. Insider Selling: Talos Energy
• Positive Sentiment: Institutional ownership remains high at approximately 89.35%, while BlackRock and several other investment firms established or expanded positions during the second quarter, providing some support for the stock.
• Neutral Sentiment: Talos shares remain near their 52-week high, with the stock trading above its 50-day and 200-day moving averages. This reflects improved momentum but also leaves the shares more sensitive to profit-taking.
• Negative Sentiment: Control Empresarial De Capital sold 1.73 million shares on October 9 at an average of $17.08 for $29.55 million, reducing its position by 4.77%. It then sold 2.31 million shares on October 8 for $39.34 million and 2.2 million shares on October 12 for $37.95 million. Combined, the three reported sales totaled 6.24 million shares worth approximately $106.84 million. Talos Energy Insider Stock Sale

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.