Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 308,586 Shares of Stock

Key Points

• Control Empresarial De Capital sold 308,586 Talos Energy shares at an average price of $18.50, generating $5.71 million and reducing its position by 1.4% to 21.69 million shares.
• The sale was part of a broader series of insider disposals totaling more than 17 million shares during October, while Talos shares traded near their 52-week high at $17.87.
• Talos reported quarterly earnings of $0.57 per share, beating estimates of $0.36, with revenue rising 56.5% year over year; analysts’ consensus rating is “Hold” with an average price target of $19.71.

Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 308,586 shares of Talos Energy stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $18.50, for a total value of $5,708,841.00. Following the transaction, the insider owned 21,691,414 shares in the company, valued at $401,291,159. This trade represents a 1.40% decrease in their position. The transaction 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 Wednesday, October 28th, Control Empresarial De Capital sold 1,200,000 shares of Talos Energy stock. The stock was sold at an average price of $18.33, for a total transaction of $21,996,000.00.
• On Friday, October 23rd, Control Empresarial De Capital sold 2,500,000 shares of Talos Energy stock. The stock was sold at an average price of $18.33, for a total transaction of $45,825,000.00.
• On Monday, October 19th, Control Empresarial De Capital sold 2,141,590 shares of Talos Energy stock. The stock was sold at an average price of $18.01, for a total transaction of $38,570,035.90.
• 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 value 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 value 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 value 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 stock was sold at an average price of $17.08, for a total value 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.

Talos Energy Price Performance

Shares of NYSE TALO traded down $0.34 during mid-day trading on Thursday, reaching $17.87. The company's stock had a trading volume of 4,598,867 shares, compared to its average volume of 2,284,653. Talos Energy Inc. has a 52 week low of $9.35 and a 52 week high of $18.76. The firm has a market capitalization of $2.98 billion, a PE ratio of -7.51 and a beta of 0.42. The stock has a fifty day moving average of $17.20 and a two-hundred day moving average of $14.89. 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 issued its quarterly earnings results 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. The firm had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The company's revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.27) earnings per share. As a group, sell-side analysts anticipate that Talos Energy Inc. will post 1.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on TALO. Weiss Ratings downgraded shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Wall Street Zen upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. The Goldman Sachs Group reissued a "buy" rating and set a $22.00 price objective on shares of Talos Energy in a report on Tuesday. Zacks Research lowered shares of Talos Energy from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 19th. Finally, Stephens reaffirmed an "overweight" rating and issued a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.71.

Institutional Investors Weigh In On Talos Energy

A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of Talos Energy during the second quarter worth about $63,000. Fortitude Family Office LLC grew its stake 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 acquiring an additional 4,336 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Talos Energy by 57.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company's stock worth $136,000 after purchasing an additional 3,053 shares during the period. iSAM Funds UK Ltd purchased a new stake in Talos Energy in the 2nd quarter worth about $138,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Talos Energy by 317.7% in the third quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company's stock valued at $148,000 after acquiring an additional 6,885 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 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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