Key Points
- Control Empresarial De Capital sold 339,568 Talos Energy shares on May 20 at an average price of $16.80, totaling about $5.7 million. The sale reduced its ownership by 0.83%, though it still holds more than 40.4 million shares.
- Talos Energy reported better-than-expected first-quarter earnings, posting a loss of $0.07 per share versus the expected $0.11 loss, while revenue of $472.3 million also topped estimates. However, revenue was still down 7.9% year over year.
- Wall Street remains cautious on TALO, with analysts holding an average rating of “Hold” and a consensus target price of $17.50. Institutional ownership is high at 89.35% of shares outstanding.
Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 339,568 shares of the business's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.80, for a total value of $5,704,742.40. Following the completion of the sale, the insider owned 40,460,036 shares in the company, valued at approximately $679,728,604.80. This trade represents a 0.83% decrease in their ownership of the stock. 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 Thursday, March 26th, Control Empresarial De Capital sold 960,000 shares of Talos Energy stock. The shares were sold at an average price of $16.65, for a total value of $15,984,000.00.
- On Friday, March 27th, Control Empresarial De Capital sold 1,352,000 shares of Talos Energy stock. The shares were sold at an average price of $16.68, for a total value of $22,551,360.00.
Talos Energy Stock Performance
Shares of Talos Energy stock opened at $16.07 on Friday. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of -3.73 and a beta of 0.35. The stock's 50-day moving average is $15.23 and its 200-day moving average is $12.87. Talos Energy Inc. has a one year low of $7.67 and a one year high of $17.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 1.20.
Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.11) by $0.04. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The company had revenue of $472.31 million for the quarter, compared to analyst estimates of $446.39 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company's quarterly revenue was down 7.9% compared to the same quarter last year. Equities analysts predict that Talos Energy Inc. will post 0.31 earnings per share for the current fiscal year.
Institutional Trading of Talos Energy
Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in Talos Energy by 9.5% in the first quarter. Bank of America Corp DE now owns 578,751 shares of the company's stock valued at $9,121,000 after buying an additional 50,084 shares during the period. Edgestream Partners L.P. raised its stake in Talos Energy by 185.0% in the first quarter. Edgestream Partners L.P. now owns 399,501 shares of the company's stock valued at $6,296,000 after buying an additional 259,321 shares during the period. Amundi raised its stake in Talos Energy by 136.6% in the first quarter. Amundi now owns 56,977 shares of the company's stock valued at $898,000 after buying an additional 32,899 shares during the period. California State Teachers Retirement System grew its position in shares of Talos Energy by 28.8% in the first quarter. California State Teachers Retirement System now owns 160,442 shares of the company's stock valued at $2,529,000 after purchasing an additional 35,870 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Talos Energy by 3.4% in 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 own 89.35% of the company's stock.
Wall Street Analyst Weigh In
TALO has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on Talos Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, May 13th. Mizuho set a $17.00 target price on Talos Energy in a report on Wednesday, May 6th. Roth Mkm reiterated a "neutral" rating and set a $16.00 target price (up from $13.00) on shares of Talos Energy in a report on Wednesday, April 8th. Benchmark lowered Talos Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 5th. Finally, KeyCorp upped their target price on Talos Energy from $15.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $17.50.
Read Our Latest Report on Talos Energy
Talos Energy Company Profile
(
Get Free Report)
Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company's core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.
Talos Energy's asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.
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