Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 2,141,590 Shares of Stock

Key Points

• Control Empresarial De Capital sold 2,141,590 Talos Energy shares at an average price of $18.01, generating approximately $38.6 million. Following the transaction, it retained 24.5 million shares, an 8.04% reduction in ownership.
• The insider has made a series of large Talos Energy sales since October 6, totaling millions of shares, while the stock traded near its 12-month high at $18.05.
• Talos exceeded quarterly earnings expectations, reporting $0.57 in EPS versus the $0.36 consensus and $664.8 million in revenue. Analysts’ consensus rating remains Hold, with an average price target of $19.43.

Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 2,141,590 shares of the company's stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $18.01, for a total transaction of $38,570,035.90. Following the sale, the insider directly owned 24,500,000 shares in the company, valued at approximately $441,245,000. This trade represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, October 16th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The stock was sold at an average price of $17.19, for a total transaction of $46,413,000.00.
• On Thursday, October 15th, Control Empresarial De Capital sold 52,000 shares of Talos Energy stock. The stock was sold at an average price of $17.01, for a total transaction of $884,520.00.
• On Wednesday, October 14th, Control Empresarial De Capital sold 265,446 shares of Talos Energy stock. The stock was sold at an average price of $17.30, for a total transaction of $4,592,215.80.
• 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 shares were 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 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 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 stock was sold at an average price of $18.52, for a total transaction of $25,576,120.00.

Talos Energy Stock Performance

TALO traded down $0.00 on Wednesday, hitting $18.05. The company's stock had a trading volume of 2,255,597 shares, compared to its average volume of 2,239,787. Talos Energy Inc. has a 12 month low of $8.97 and a 12 month high of $18.73. The firm has a market cap of $3.01 billion, a P/E ratio of -7.58 and a beta of 0.42. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The company's 50 day simple moving average is $16.94 and its 200-day simple moving average is $15.49.

Talos Energy (NYSE:TALO - Get Free Report) last issued its earnings results 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 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 business's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.27) EPS. Analysts forecast that Talos Energy Inc. will post 1.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TALO shares. KeyCorp boosted their price objective on Talos Energy from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, September 15th. Roth Capital raised Talos Energy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $16.00 to $17.00 in a report on Wednesday, July 1st. Weiss Ratings downgraded Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. Citigroup raised their target price on Talos Energy from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, October 15th. Finally, Zacks Research lowered Talos Energy from a "strong-buy" rating to a "hold" rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $19.43.

Institutional Trading of Talos Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. Amundi raised its stake in Talos Energy by 1.1% in the second quarter. Amundi now owns 57,590 shares of the company's stock valued at $743,000 after purchasing an additional 613 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Talos Energy by 4.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,535 shares of the company's stock worth $381,000 after buying an additional 1,170 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Talos Energy by 3.5% in the 1st quarter. Bleakley Financial Group LLC now owns 44,827 shares of the company's stock worth $706,000 after buying an additional 1,507 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Talos Energy by 57.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company's stock worth $136,000 after buying an additional 3,053 shares in the last quarter. Finally, Fortitude Family Office LLC increased its holdings in shares of Talos Energy by 8,502.0% in the 3rd quarter. Fortitude Family Office LLC now owns 4,387 shares of the company's stock worth $72,000 after buying an additional 4,336 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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 holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.

In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.

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