Talos Energy (NYSE:TALO) Insider Sells 1,730,000 Shares of Stock

Key Points

• Control Empresarial De Capital sold 1.73 million Talos Energy shares at an average price of $17.08, generating approximately $29.5 million; its remaining stake declined 4.77% to 34.56 million shares.
• The insider has also reported several recent sales, totaling millions of additional shares, while Talos stock traded at $17.54 and remained near its 12-month high of $18.73.
• Talos exceeded quarterly earnings and revenue expectations, and analysts maintain a “Moderate Buy” consensus with an average price target of $19.00.

Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 1,730,000 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $17.08, for a total transaction of $29,548,400.00. Following the sale, the insider owned 34,559,036 shares of the company's stock, valued at approximately $590,268,334.88. This represents a 4.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 transaction of $37,950,000.00.
• 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.
• 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 value of $25,576,120.00.

Talos Energy Price Performance

Shares of NYSE TALO traded up $0.20 during midday trading on Tuesday, hitting $17.54. The company had a trading volume of 7,251,156 shares, compared to its average volume of 2,668,506. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of -7.37 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 business has a 50-day simple moving average of $16.66 and a two-hundred day simple moving average of $15.44. Talos Energy Inc. has a twelve month low of $8.97 and a twelve month high of $18.73.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $577.92 million. During the same quarter last year, the business posted ($0.27) earnings per share. The business's revenue for the quarter was up 56.5% on a year-over-year basis. Equities research analysts anticipate that Talos Energy Inc. will post 1.40 earnings per share for the current year.

Hedge Funds Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new position in shares of Talos Energy in the second quarter worth $63,000. iSAM Funds UK Ltd bought a new position in shares of Talos Energy in the second quarter valued at approximately $138,000. Farther Finance Advisors LLC boosted its holdings 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 in the last quarter. Corient Private Wealth LP acquired a new position in shares of Talos Energy during the second quarter valued at approximately $161,000. Finally, Vise Technologies Inc. acquired a new position in shares of Talos Energy during the second quarter valued at approximately $215,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TALO shares. Zacks Research upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Stephens reaffirmed an "overweight" rating and set a $20.00 price target on shares of Talos Energy in a research report on Wednesday, July 1st. Weiss Ratings downgraded shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Roth Capital raised shares of Talos Energy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. Finally, Citigroup lowered their target price on Talos Energy from $20.00 to $18.00 and set a "buy" rating for the company in a report on Monday, July 20th. 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 issued a Sell rating to the stock. According to MarketBeat, Talos Energy has a consensus rating of "Moderate Buy" and a consensus price target 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.

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