Insider Selling: Talos Energy (NYSE:TALO) Insider Sells $4,592,215.80 in Stock

Key Points

• Control Empresarial De Capital sold 265,446 Talos Energy shares at an average $17.30, generating $4.59 million; it retained 29.39 million shares worth approximately $508.5 million. The sale followed several large disposals in recent weeks.
• Talos shares traded near $16.93, while the company reported quarterly EPS of $0.57 versus a $0.36 consensus estimate and revenue of $664.81 million, up 56.5% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $19.43, and institutional investors own approximately 89.35% of the company.

Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 265,446 shares of the company's stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $17.30, for a total transaction of $4,592,215.80. Following the sale, the insider directly owned 29,393,590 shares of the company's stock, valued at approximately $508,509,107. This represents a 0.89% decrease in their ownership of the stock. The transaction 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 Tuesday, October 13th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The stock was sold at an average price of $17.51, for a total transaction of $47,277,000.00.
• 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 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 transaction of $29,548,400.00.
• 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 shares were 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 shares were sold at an average price of $18.52, for a total transaction of $25,576,120.00.

Talos Energy Stock Performance

Shares of NYSE:TALO traded down $0.10 during midday trading on Thursday, hitting $16.93. The company's stock had a trading volume of 3,104,674 shares, compared to its average volume of 2,865,206. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of -7.11 and a beta of 0.42. The stock's 50 day simple moving average is $16.78 and its 200 day simple moving average is $15.45. Talos Energy Inc. has a fifty-two week low of $8.97 and a fifty-two week high of $18.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61.

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 for the quarter, topping the consensus estimate 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 business had revenue of $664.81 million during the quarter, compared to analysts' expectations of $577.92 million. During the same quarter in the previous year, the firm earned ($0.27) EPS. The firm's revenue was up 56.5% compared to the same quarter last year. As a group, research analysts anticipate that Talos Energy Inc. will post 1.40 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. KeyCorp upped their price target on Talos Energy from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Tuesday, September 15th. Wall Street Zen raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Stephens reaffirmed an "overweight" rating and set a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. Zacks Research upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $20.00 price target on shares of Talos Energy in a report 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.43.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Talos Energy in the 2nd quarter valued at $256,801,000. Dimensional Fund Advisors LP raised its stake 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 buying an additional 501,552 shares in the last quarter. 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 bought a new position in shares of Talos Energy during the 2nd quarter worth about $27,039,375. Finally, Empowered Funds LLC lifted its holdings in shares of Talos Energy by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,152,594 shares of the company's stock worth $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.

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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