Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 284,000 Shares of Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 284,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $16.38, for a total transaction of $4,651,920.00. Following the completion of the transaction, the insider directly owned 40,949,604 shares in the company, valued at $670,754,513.52. This represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 shares were sold at an average price of $16.80, for a total transaction of $5,704,742.40.
• 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 transaction of $15,984,000.00.
• On Friday, March 27th, Control Empresarial De Capital sold 1,352,000 shares of Talos Energy stock. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00.

Talos Energy Stock Performance

Shares of TALO opened at $14.81 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20. The company’s fifty day moving average is $15.30 and its two-hundred day moving average is $12.97. Talos Energy Inc. has a 1 year low of $7.67 and a 1 year high of $17.05. The stock has a market capitalization of $2.47 billion, a P/E ratio of -3.44 and a beta of 0.35.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $472.31 million for the quarter, compared to analysts’ expectations of $446.39 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. On average, sell-side analysts predict that Talos Energy Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

TALO has been the topic of several recent analyst reports. Wall Street Zen upgraded Talos Energy from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Mizuho set a $17.00 price target on shares of Talos Energy in a research note on Wednesday, May 6th. Roth Mkm reaffirmed a “neutral” rating and set a $16.00 price target (up from $13.00) on shares of Talos Energy in a research note on Wednesday, April 8th. Weiss Ratings raised shares of Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Benchmark cut shares of Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Three investment 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 MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.50.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of Talos Energy by 9.5% in the 1st quarter. Bank of America Corp DE now owns 578,751 shares of the company’s stock worth $9,121,000 after acquiring an additional 50,084 shares during the period. Edgestream Partners L.P. grew its holdings in shares of Talos Energy by 185.0% in the 1st quarter. Edgestream Partners L.P. now owns 399,501 shares of the company’s stock worth $6,296,000 after acquiring an additional 259,321 shares during the period. Amundi grew its holdings in shares of Talos Energy by 136.6% in the 1st quarter. Amundi now owns 56,977 shares of the company’s stock worth $898,000 after acquiring an additional 32,899 shares during the period. California State Teachers Retirement System grew its stake in Talos Energy by 28.8% in the 1st quarter. California State Teachers Retirement System now owns 160,442 shares of the company’s stock valued at $2,529,000 after acquiring an additional 35,870 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in Talos Energy by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,152,594 shares of the company’s stock valued at $18,165,000 after acquiring an additional 37,689 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.