Key Points
- Insider sale: Control Empresarial De Capital sold 480,000 Talos Energy shares for approximately $8.14 million at an average price of $16.96, reducing its stake by 1.23% to 38.6 million shares. The insider had also sold 1.381 million shares in September.
- Financial performance: Talos reported quarterly earnings of $0.57 per share, exceeding the $0.36 analyst consensus, while revenue of $664.81 million surpassed estimates and increased 56.5% year over year.
- Market outlook: Shares opened at $16.97, and analysts maintain a “Moderate Buy” consensus with a $19.00 target price. Institutional investors and hedge funds own 89.35% of the company.
Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 480,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $16.96, for a total transaction of $8,140,800.00. Following the completion of the sale, the insider directly owned 38,599,036 shares of the company's stock, valued at approximately $654,639,650.56. This represents a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- 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 Stock Up 1.9%
Shares of TALO opened at $16.97 on Friday. The business's fifty day moving average price is $16.51 and its two-hundred day moving average price is $15.41. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -7.13 and a beta of 0.42. 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.
Talos Energy (NYSE:TALO - Get Free Report) last released its 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 the consensus estimate of $577.92 million. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%.The firm's quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.27) earnings per share. On average, analysts predict that Talos Energy Inc. will post 1.4 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages have recently issued reports on TALO. Zacks Research raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Citigroup lowered their target price on shares of Talos Energy from $20.00 to $18.00 and set a "buy" rating for the company in a report on Monday, July 20th. Weiss Ratings downgraded Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. 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. Finally, Wall Street Zen upgraded Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Talos Energy has a consensus rating of "Moderate Buy" and a consensus target price of $19.00.
Read Our Latest Stock Analysis on Talos Energy
Institutional Trading of Talos Energy
Several hedge funds have recently bought and sold shares of TALO. Farther Finance Advisors LLC lifted its stake in Talos Energy by 317.7% in the third quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company's stock valued at $148,000 after buying an additional 6,885 shares in the last quarter. Congress Asset Management Co. increased its position in shares of Talos Energy by 22.1% during the third quarter. Congress Asset Management Co. now owns 620,253 shares of the company's stock worth $10,129,000 after acquiring an additional 112,239 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Talos Energy by 4.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,535 shares of the company's stock worth $381,000 after acquiring an additional 1,170 shares in the last quarter. WINTON GROUP Ltd raised its holdings in shares of Talos Energy by 1,717.7% during the second quarter. WINTON GROUP Ltd now owns 223,579 shares of the company's stock worth $2,886,000 after acquiring an additional 211,279 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Talos Energy in the 2nd quarter valued at $2,224,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.
About Talos Energy
(
Get Free Report)
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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