Talos Energy Inc. (NYSE:TALO – Get Free Report) insider Control Empresarial De Capital sold 480,000 shares of the business’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $16.96, for a total transaction of $8,140,800.00. Following the completion of the sale, the insider directly owned 38,599,036 shares of the company’s stock, valued at $654,639,650.56. This represents a 1.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- 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
Shares of TALO traded up $0.31 during mid-day trading on Thursday, hitting $16.97. 4,509,838 shares of the company’s stock were exchanged, compared to its average volume of 2,120,803. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy Inc. has a 52 week low of $8.97 and a 52 week high of $18.73. The stock’s 50-day simple moving average is $16.47 and its 200-day simple moving average is $15.40. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of -7.13 and a beta of 0.42.
Analyst Upgrades and Downgrades
TALO has been the subject of a number of analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Monday, September 7th. Roth Capital raised shares of Talos Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. KeyCorp boosted their target price on shares of Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Tuesday, September 15th. Citigroup cut their price target on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, Zacks Research upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.
Read Our Latest Report on TALO
Institutional Trading of Talos Energy
Several institutional investors and hedge funds have recently modified their holdings of TALO. Farther Finance Advisors LLC boosted its stake in 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 buying an additional 6,885 shares in the last quarter. Congress Asset Management Co. raised its stake in Talos Energy by 22.1% during the third quarter. Congress Asset Management Co. now owns 620,253 shares of the company’s stock worth $10,129,000 after acquiring an additional 112,239 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Talos Energy by 4.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,535 shares of the company’s stock valued at $381,000 after purchasing an additional 1,170 shares during the last quarter. WINTON GROUP Ltd increased its position in Talos Energy by 1,717.7% during the 2nd quarter. WINTON GROUP Ltd now owns 223,579 shares of the company’s stock worth $2,886,000 after purchasing an additional 211,279 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Talos Energy during the 2nd quarter worth approximately $2,224,000. 89.35% of the stock is currently owned by institutional investors.
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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