Talos Energy (NYSE:TALO) Stock: Insider Control Empresarial De Capital Sells 2,700,000 Shares

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,700,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $17.51, for a total transaction of $47,277,000.00. Following the sale, the insider owned 29,659,036 shares in the company, valued at $519,329,720.36. The trade was a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 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 shares were 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 shares were sold at an average price of $16.96, for a total value of $8,140,800.00.
• 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 Trading Up 4.4%

NYSE TALO opened at $17.73 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $16.85 and a 200 day moving average price of $15.46. The stock has a market capitalization of $2.96 billion, a P/E ratio of -7.45 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.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The company had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. During the same quarter last year, the company earned ($0.27) earnings per share. Talos Energy’s quarterly revenue was up 56.5% compared to the same quarter last year. Equities research analysts expect that Talos Energy Inc. will post 1.57 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TALO shares. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Citigroup raised their price target on shares of Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday. Stephens reissued an “overweight” rating and issued a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Talos Energy currently has an average rating of “Moderate Buy” and an average target price of $19.43.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Talos Energy during the 2nd quarter worth $256,801,000. Dimensional Fund Advisors LP increased its holdings in shares of Talos Energy by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock worth $149,234,000 after purchasing an additional 501,552 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Talos Energy during the 2nd quarter worth about $51,874,000. Webs Creek Capital Management LP acquired a new position in Talos Energy in the 2nd quarter valued at approximately $27,039,375. Finally, Bridgeway Capital Management LLC lifted its position in shares of Talos Energy by 14.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,277,658 shares of the company’s stock worth $14,080,000 after acquiring an additional 161,652 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.