Talos Energy Inc. (NYSE:TALO – Get Free Report) insider Control Empresarial De Capital sold 1,200,000 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $18.33, for a total value of $21,996,000.00. Following the completion of the sale, the insider owned 20,491,414 shares of the company’s stock, valued at approximately $375,607,618.62. This represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Tuesday, October 27th, Control Empresarial De Capital sold 308,586 shares of Talos Energy stock. The stock was sold at an average price of $18.50, for a total value of $5,708,841.00.
- 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 value 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 value of $38,570,035.90.
- On Friday, October 16th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The shares were 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 shares were 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 shares were 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 stock was 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 shares were sold at an average price of $17.03, for a total transaction of $39,339,300.00.
Talos Energy Stock Performance
Shares of NYSE TALO traded down $0.34 during mid-day trading on Thursday, hitting $17.87. The stock had a trading volume of 4,598,867 shares, compared to its average volume of 2,284,653. The company has a 50 day moving average of $17.20 and a two-hundred day moving average of $14.89. The firm has a market cap of $2.98 billion, a PE ratio of -7.51 and a beta of 0.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61. Talos Energy Inc. has a twelve month low of $9.35 and a twelve month high of $18.76.
Talos Energy (NYSE:TALO – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The company had revenue of $664.81 million during the quarter, compared to analysts’ expectations of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. Talos Energy’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) EPS. Research analysts predict that Talos Energy Inc. will post 1.58 EPS for the current fiscal year.
Institutional Trading of Talos Energy
A number of hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in Talos Energy during the 2nd quarter worth about $63,000. Fortitude Family Office LLC lifted its holdings in shares of Talos Energy by 8,502.0% in the third 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 during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Talos Energy by 57.7% in the third quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company’s stock valued at $136,000 after buying an additional 3,053 shares during the period. iSAM Funds UK Ltd acquired a new stake in shares of Talos Energy in the second quarter valued at about $138,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Talos Energy by 317.7% in the 3rd 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. 89.35% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Zacks Research lowered shares of Talos Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. Stephens restated an “overweight” rating and set a $20.00 price objective on shares of Talos Energy in a report on Wednesday, July 1st. Wall Street Zen upgraded Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $17.00 in a research report on Wednesday, July 1st. Finally, Weiss Ratings cut shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Talos Energy currently has a consensus rating of “Hold” and a consensus price target of $19.71.
Read Our Latest Report on Talos Energy
Talos Energy Company Profile
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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