Insider Selling: Talos Energy (NYSE:TALO) Insider Sells $37,950,000.00 in Stock

Key Points

• Control Empresarial De Capital sold 2.2 million Talos Energy shares at an average price of $17.25, generating $37.95 million and reducing its stake by 6.37% to 32.36 million shares.
• The insider has made several additional sales recently, totaling millions of shares, while Talos stock traded near $17.54—close to its 52-week high of $18.73.
• Talos reported stronger-than-expected quarterly results, with $0.57 EPS and $664.81 million in revenue; analysts maintain a “Moderate Buy” consensus with a $19 price target.

Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 2,200,000 shares of the business's stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $17.25, for a total transaction of $37,950,000.00. Following the completion of the sale, the insider directly owned 32,359,036 shares of the company's stock, valued at approximately $558,193,371. The trade was a 6.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, October 9th, Control Empresarial De Capital sold 1,730,000 shares of Talos Energy stock. The shares were sold at an average price of $17.08, for a total transaction 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 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

Talos Energy stock traded up $0.20 during midday trading on Tuesday, hitting $17.54. The company's stock had a trading volume of 7,251,156 shares, compared to its average volume of 2,668,506. Talos Energy Inc. has a 1-year low of $8.97 and a 1-year high of $18.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The company has a 50-day moving average price of $16.66 and a two-hundred day moving average price of $15.44. The company has a market cap of $2.93 billion, a price-to-earnings ratio of -7.37 and a beta of 0.42.

Talos Energy (NYSE:TALO - Get Free Report) last posted 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. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The firm had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. During the same quarter in the previous year, the firm posted ($0.27) EPS. The business's revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, sell-side analysts predict that Talos Energy Inc. will post 1.40 earnings per share for the current year.

Institutional Trading of Talos Energy

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Talos Energy during the second quarter valued at approximately $256,801,000. Dimensional Fund Advisors LP boosted its holdings in shares of Talos Energy by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company's stock valued at $149,234,000 after purchasing an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Talos Energy in the 2nd quarter valued at $51,874,000. Webs Creek Capital Management LP acquired a new stake in shares of Talos Energy in the 2nd quarter valued at $27,039,375. Finally, Empowered Funds LLC boosted its holdings in shares of 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 purchasing an additional 37,689 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TALO. Roth Capital upgraded shares of Talos Energy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Stephens reissued an "overweight" rating and set a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. The Goldman Sachs Group reissued a "buy" rating and set a $20.00 target price on shares of Talos Energy in a report on Monday, September 7th. Wall Street Zen upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Talos Energy has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.

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.

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