Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 2,700,000 Shares of Stock

Key Points

• Control Empresarial De Capital sold 2.7 million Talos Energy shares at an average price of $17.51, generating $47.3 million. The sale reduced its ownership by 8.34% to approximately 29.66 million shares.
• The insider has made several additional sales recently, totaling millions of shares, indicating sustained selling activity in Talos Energy.
• Talos reported quarterly EPS of $0.57, beating estimates of $0.36, while revenue rose 56.5% year over year to $664.8 million. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $19.43.

Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $17.51, for a total value of $47,277,000.00. Following the transaction, the insider directly owned 29,659,036 shares of the company's stock, valued at approximately $519,329,720.36. This represents a 8.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, October 14th, Control Empresarial De Capital sold 265,446 shares of Talos Energy stock. The shares were sold at an average price of $17.30, for a total transaction of $4,592,215.80.
• 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 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 shares were sold at an average price of $18.52, for a total transaction of $25,576,120.00.

Talos Energy Price Performance

Shares of TALO stock traded down $0.10 during trading hours 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 business has a fifty day moving average of $16.78 and a 200-day moving average of $15.45. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -7.11 and a beta of 0.42. Talos Energy Inc. has a twelve month low of $8.97 and a twelve month high of $18.73. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) 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 firm had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. During the same period in the previous year, the firm posted ($0.27) EPS. The company's quarterly revenue was up 56.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Talos Energy Inc. will post 1.40 EPS for the current year.

Institutional Trading of Talos Energy

Several hedge funds and other institutional investors have recently bought and sold shares of TALO. Public Employees Retirement System of Ohio acquired a new position in Talos Energy during the second quarter worth approximately $63,000. Fortitude Family Office LLC boosted 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 valued at $72,000 after purchasing an additional 4,336 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Talos Energy in the 2nd quarter valued at $138,000. Farther Finance Advisors LLC boosted its holdings in shares of Talos Energy by 317.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company's stock valued at $148,000 after purchasing an additional 6,885 shares during the last quarter. Finally, Corient Private Wealth LP purchased a new stake in shares of Talos Energy during the 2nd quarter valued at $161,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TALO shares. Stephens reissued an "overweight" rating and issued a $20.00 price target on shares of Talos Energy in a report on Wednesday, July 1st. Wall Street Zen raised Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Zacks Research upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Weiss Ratings downgraded shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. Finally, Roth Capital raised shares of Talos Energy from a "neutral" rating to a "buy" rating and boosted their target price for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. One research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Talos Energy presently has a consensus rating of "Moderate Buy" and an average target price of $19.43.

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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