Insider Selling: Talos Energy (NYSE:TALO) Insider Sells $8,140,800.00 in Stock

Key Points

• Insider sale: Control Empresarial De Capital sold 480,000 Talos Energy shares for approximately $8.14 million at an average price of $16.96, reducing its position by 1.23% to 38.6 million shares. The insider had also sold 1.381 million shares in September.
• Recent performance: Talos shares rose 1.9% to $16.97, while the company’s latest quarterly results exceeded expectations, with EPS of $0.57 versus the $0.36 consensus and revenue up 56.5% year over year.
• Analyst outlook: Talos carries a consensus “Moderate Buy” rating and an average price target of $19.00, with recent targets reaching as high as $23.00.

Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 480,000 shares of the firm's stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $16.96, for a total value of $8,140,800.00. Following the transaction, the insider owned 38,599,036 shares in the company, valued at approximately $654,639,650.56. This trade represents a 1.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 Trading Up 1.9%

TALO traded up $0.31 during mid-day trading on Thursday, hitting $16.97. The stock had a trading volume of 4,509,838 shares, compared to its average volume of 2,120,803. The stock's fifty day simple moving average is $16.47 and its 200-day simple moving average is $15.40. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -7.13 and a beta of 0.42. 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.

Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million during the quarter, compared to analysts' expectations of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The firm's quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.27) EPS. As a group, research analysts forecast that Talos Energy Inc. will post 1.4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on TALO. Zacks Research raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Weiss Ratings lowered Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $20.00 price target on shares of Talos Energy in a research report on Monday, September 7th. Stephens reissued an "overweight" rating and issued a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. Finally, KeyCorp boosted their target price on shares of Talos Energy from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Tuesday, September 15th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.00.

Hedge Funds Weigh In On Talos Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi grew its stake in Talos Energy by 1.1% in the 2nd quarter. Amundi now owns 57,590 shares of the company's stock valued at $743,000 after buying an additional 613 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Talos Energy by 4.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,535 shares of the company's stock worth $381,000 after acquiring an additional 1,170 shares during the period. Bleakley Financial Group LLC boosted its holdings in shares of Talos Energy by 3.5% during the first quarter. Bleakley Financial Group LLC now owns 44,827 shares of the company's stock worth $706,000 after acquiring an additional 1,507 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Talos Energy in the second quarter valued at approximately $63,000. Finally, Two Sigma Securities LLC grew its position in shares of Talos Energy by 36.9% in the second quarter. Two Sigma Securities LLC now owns 25,179 shares of the company's stock valued at $325,000 after purchasing an additional 6,782 shares during the last quarter. 89.35% of the stock is owned by institutional investors.

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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