Talos Energy (NYSE:TALO) Insider Sells $25,576,120.00 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 1,381,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $18.52, for a total transaction of $25,576,120.00. Following the completion of the transaction, the insider directly owned 39,079,036 shares of the company’s stock, valued at approximately $723,743,746.72. The trade was a 3.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Talos Energy Trading Down 1.5%

TALO traded down $0.26 on Thursday, hitting $17.16. The company had a trading volume of 1,254,656 shares, compared to its average volume of 1,825,729. The business’s fifty day simple moving average is $15.85 and its 200 day simple moving average is $15.09. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy Inc. has a 12-month low of $8.87 and a 12-month high of $18.73. The company has a market cap of $2.86 billion, a PE ratio of -7.21 and a beta of 0.36.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data 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 for 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% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.27) earnings per share. Equities research analysts expect that Talos Energy Inc. will post 1.4 EPS for the current year.

Hedge Funds Weigh In On Talos Energy

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Talos Energy in the second quarter valued at approximately $256,801,000. Dimensional Fund Advisors LP raised its stake 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 buying an additional 501,552 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Talos Energy during the 2nd quarter valued at approximately $51,874,000. Webs Creek Capital Management LP purchased a new position in shares of Talos Energy during the 2nd quarter valued at approximately $27,039,375. 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 period. Institutional investors and hedge funds own 89.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TALO shares. Stephens reiterated an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a report on Wednesday, July 1st. Mizuho upped their target price on Talos Energy from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Zacks Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Monday, September 7th. Finally, Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. 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 issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Talos Energy Company Profile

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 owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.