Talos Energy Inc. (NYSE:TALO – Get Free Report) insider Control Empresarial De Capital sold 1,730,000 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $17.08, for a total value of $29,548,400.00. Following the transaction, the insider directly owned 34,559,036 shares of the company’s stock, valued at $590,268,334.88. This represents a 4.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $17.25, for a total value of $37,950,000.00.
- 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 value of $39,339,300.00.
- On Tuesday, October 6th, Control Empresarial De Capital sold 480,000 shares of Talos Energy stock. The stock was 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 stock was sold at an average price of $18.52, for a total value of $25,576,120.00.
Talos Energy Trading Up 1.1%
NYSE TALO traded up $0.20 on Tuesday, hitting $17.54. 7,251,156 shares of the company were exchanged, compared to its average volume of 2,668,506. 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 Inc. has a twelve month low of $8.97 and a twelve month high of $18.73. The firm has a market capitalization of $2.93 billion, a P/E ratio of -7.37 and a beta of 0.42. The company’s 50 day moving average price is $16.66 and its 200-day moving average price is $15.44.
Institutional Trading of Talos Energy
A number of institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Talos Energy during the 2nd quarter worth about $63,000. Farther Finance Advisors LLC lifted 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 acquiring an additional 6,885 shares during the last quarter. iSAM Funds UK Ltd bought a new stake in Talos Energy in the second quarter worth approximately $138,000. Corient Private Wealth LP bought a new stake in Talos Energy in the second quarter worth approximately $161,000. Finally, Vise Technologies Inc. acquired a new position in shares of Talos Energy during the 2nd quarter worth $215,000. Institutional investors and hedge funds own 89.35% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and increased their target price for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. The Goldman Sachs Group reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Monday, September 7th. Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Citigroup lowered their target price on Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Stephens reiterated an “overweight” rating and issued a $20.00 target price on shares of Talos Energy in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.00.
Read Our Latest Stock Report on Talos Energy
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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