Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 2,141,590 Shares of Stock

Talos Energy Inc. (NYSE:TALO – Get Free Report) insider Control Empresarial De Capital sold 2,141,590 shares of the company’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $18.01, for a total transaction of $38,570,035.90. Following the sale, the insider directly owned 24,500,000 shares of the company’s stock, valued at $441,245,000. This represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • 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 transaction 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 transaction 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 transaction 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 shares were 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 stock was sold at an average price of $18.52, for a total transaction of $25,576,120.00.

Talos Energy Trading Down 0.0%

Talos Energy stock opened at $18.05 on Thursday. The company has a 50 day moving average price of $17.00 and a 200 day moving average price of $15.51. Talos Energy Inc. has a 52 week low of $8.97 and a 52 week high of $18.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -7.58 and a beta of 0.42.

Talos Energy (NYSE:TALO – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.21. The company had revenue of $664.81 million for the quarter, compared to the consensus estimate of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The company’s revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.27) EPS. Research analysts forecast that Talos Energy Inc. will post 1.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TALO shares. Citigroup increased their price objective on Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Weiss Ratings cut Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. KeyCorp lifted their target price on Talos Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Tuesday, September 15th. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, Stephens reissued an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a research report on Wednesday, July 1st. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.43.

View Our Latest Research Report on Talos Energy

Institutional Investors Weigh In On Talos Energy

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Talos Energy during the 2nd quarter valued at $256,801,000. Dimensional Fund Advisors LP raised its holdings in shares of Talos Energy by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock worth $149,234,000 after acquiring an additional 501,552 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Talos Energy during the second quarter worth $51,874,000. Webs Creek Capital Management LP purchased a new stake in shares of Talos Energy during the second quarter worth $27,039,375. Finally, Empowered Funds LLC boosted its position in Talos Energy by 3.4% during the first quarter. Empowered Funds LLC now owns 1,152,594 shares of the company’s stock valued at $18,165,000 after purchasing an additional 37,689 shares during the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

Talos Energy Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Talos Energy (NYSE:TALO)

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