Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 2,310,000 Shares of Stock

Key Points

• Insider selling: Control Empresarial De Capital sold 2.31 million Talos Energy shares for approximately $39.3 million, reducing its position by 5.98% to 36.29 million shares. The insider has also reported several other sales recently.
• Stock and financial performance: TALO rose 1.1% to $17.54, near its 52-week high of $18.73. The company beat quarterly earnings and revenue estimates, reporting $0.57 EPS and $664.8 million in revenue, up 56.5% year over year.
• Market outlook: Institutional investors own 89.35% of the stock, while analysts give Talos an overall “Moderate Buy” rating with a consensus price target of $19.00.

Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 2,310,000 shares of the company's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $17.03, for a total value of $39,339,300.00. Following the completion of the sale, the insider directly owned 36,289,036 shares of the company's stock, valued at approximately $618,002,283.08. This represents a 5.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value 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 value of $29,548,400.00.
• 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 value 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 value of $25,576,120.00.

Talos Energy Trading Up 1.1%

TALO stock traded up $0.20 during trading on Tuesday, hitting $17.54. 7,251,156 shares of the company traded hands, compared to its average volume of 2,668,506. The company has a 50-day moving average of $16.66 and a 200-day moving average of $15.44. 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 Inc. has a 1 year low of $8.97 and a 1 year high of $18.73. The firm has a market capitalization of $2.93 billion, a PE ratio of -7.37 and a beta of 0.42.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $577.92 million. During the same period in the previous year, the firm earned ($0.27) EPS. The business's quarterly revenue was up 56.5% on a year-over-year basis. Analysts predict that Talos Energy Inc. will post 1.40 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talos Energy

Several hedge funds have recently made changes to their positions in the company. Amundi boosted its holdings in Talos Energy by 1.1% in the second quarter. Amundi now owns 57,590 shares of the company's stock worth $743,000 after acquiring an additional 613 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Talos Energy by 4.1% in 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 last quarter. Bleakley Financial Group LLC grew its stake in shares of Talos Energy by 3.5% in 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 last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Talos Energy during the second quarter valued at $63,000. Finally, Two Sigma Securities LLC increased its holdings in shares of Talos Energy by 36.9% during the second quarter. Two Sigma Securities LLC now owns 25,179 shares of the company's stock valued at $325,000 after acquiring an additional 6,782 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on TALO shares. Weiss Ratings cut shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, August 6th. Citigroup cut their price target on shares of Talos Energy from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, July 20th. Stephens restated an "overweight" rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Wednesday, July 1st. Roth Capital raised shares of Talos Energy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. Finally, Wall Street Zen upgraded shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $19.00.

Talos Energy Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.