Talos Energy Inc. (NYSE:TALO – Get Free Report) insider Control Empresarial De Capital sold 2,700,000 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $17.19, for a total value of $46,413,000.00. Following the transaction, the insider directly owned 26,641,590 shares of the company’s stock, valued at approximately $457,968,932.10. The trade was a 9.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Control Empresarial De Capital also recently made the following trade(s):
- 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 value 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 value 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 value 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 value 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 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 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 Price Performance
NYSE:TALO traded up $0.29 during mid-day trading on Monday, reaching $18.06. 6,002,305 shares of the stock were exchanged, compared to its average volume of 3,012,882. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average price of $16.90 and a 200 day moving average price of $15.47. Talos Energy Inc. has a 1-year low of $8.97 and a 1-year high of $18.73. The firm has a market capitalization of $3.01 billion, a PE ratio of -7.59 and a beta of 0.42.
Talos Energy (NYSE:TALO – Get Free Report) last issued 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 net margin of 20.46% and a negative return on equity of 1.94%. The company had revenue of $664.81 million during the quarter, compared to the consensus estimate of $577.92 million. During the same period in the prior year, the company earned ($0.27) EPS. Talos Energy’s revenue was up 56.5% on a year-over-year basis. Research analysts expect that Talos Energy Inc. will post 1.73 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on TALO shares. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Roth Capital raised shares of 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 research note on Wednesday, July 1st. KeyCorp raised their target price on shares of Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, September 15th. Citigroup lifted their price target on shares of Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Stephens restated an “overweight” rating and issued a $20.00 price target on shares of Talos Energy in a research 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 assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.43.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Fortitude Family Office LLC boosted its position in Talos Energy by 8,502.0% during the 3rd 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 period. Public Employees Retirement System of Ohio purchased a new position in Talos Energy during the 2nd quarter valued at about $63,000. Farther Finance Advisors LLC grew its stake in Talos Energy by 317.7% during 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. iSAM Funds UK Ltd purchased a new position in Talos Energy during the 2nd quarter valued at about $138,000. Finally, Corient Private Wealth LP purchased a new position in Talos Energy during the 2nd quarter valued at about $161,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.
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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