Key Points
- Control Empresarial De Capital sold 284,000 shares of Talos Energy on May 18 at an average price of $16.38, generating about $4.65 million. The insider’s ownership fell by 0.69% but still remains very large at 40.95 million shares.
- The insider also made additional large sales recently, including 339,568 shares on May 20 and much larger blocks in late March, suggesting a pattern of reducing its stake in the company.
- Talos Energy’s latest results showed a smaller-than-expected quarterly loss and revenue above estimates, while analysts currently rate the stock a consensus “Hold” with an average price target of $17.50.
Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 284,000 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $16.38, for a total transaction of $4,651,920.00. Following the completion of the sale, the insider directly owned 40,949,604 shares in the company, valued at approximately $670,754,513.52. The trade was a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Control Empresarial De Capital also recently made the following trade(s):
- On Wednesday, May 20th, Control Empresarial De Capital sold 339,568 shares of Talos Energy stock. The shares were sold at an average price of $16.80, for a total value of $5,704,742.40.
- 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 Price Performance
Shares of NYSE:TALO opened at $14.81 on Wednesday. The business's fifty day moving average price is $15.30 and its two-hundred day moving average price is $12.97. The stock has a market cap of $2.47 billion, a PE ratio of -3.44 and a beta of 0.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20. Talos Energy Inc. has a one year low of $7.67 and a one year high of $17.05.
Talos Energy (NYSE:TALO - Get Free Report) last announced its 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. The firm had revenue of $472.31 million for the quarter, compared to analysts' expectations of $446.39 million. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.Talos Energy's quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. On average, analysts forecast that Talos Energy Inc. will post 0.31 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Mizuho set a $17.00 price target on shares of Talos Energy in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their price target on shares of Talos Energy from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Talos Energy from a "sell" rating to a "hold" rating in a research note on Sunday, May 3rd. Benchmark cut Talos Energy from a "buy" rating to a "hold" rating in a report on Thursday, March 5th. Finally, Weiss Ratings upgraded Talos Energy from a "sell (d-)" rating to a "sell (d+)" rating in a report on Thursday, May 7th. Three equities 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.50.
Get Our Latest Research Report on Talos Energy
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sourcerock Group LLC boosted its holdings in Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company's stock valued at $94,918,000 after acquiring an additional 1,110,685 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Talos Energy by 1.8% in the third quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company's stock valued at $91,358,000 after acquiring an additional 164,999 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Talos Energy by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company's stock valued at $149,234,000 after acquiring an additional 501,552 shares during the last quarter. American Century Companies Inc. boosted its holdings in Talos Energy by 8.6% in the third quarter. American Century Companies Inc. now owns 5,765,905 shares of the company's stock valued at $55,295,000 after acquiring an additional 455,409 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Talos Energy by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company's stock valued at $33,682,000 after buying an additional 141,518 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.
About Talos Energy
(
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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