Key Points
- Control Empresarial De Capital sold 1.73 million Talos Energy shares at an average price of $17.08, generating $29.55 million in proceeds and reducing its ownership by 4.77% to 34.56 million shares.
- The insider has made several additional sales recently, including 2.2 million shares for $37.95 million on October 12 and 2.31 million shares for $39.34 million on October 8.
- Talos reported quarterly EPS of $0.57, exceeding estimates of $0.36, while revenue rose 56.5% year over year to $664.81 million. Analysts maintain a consensus “Moderate Buy” rating with a $19 price target.
Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 1,730,000 shares of the firm's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $17.08, for a total transaction of $29,548,400.00. Following the completion of the sale, the insider owned 34,559,036 shares in the company, valued at $590,268,334.88. The trade was a 4.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Control Empresarial De Capital also recently made the following trade(s):
- 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 Thursday, October 8th, Control Empresarial De Capital sold 2,310,000 shares of Talos Energy stock. The stock was sold at an average price of $17.03, for a total transaction 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 transaction of $8,140,800.00.
- On Tuesday, September 15th, Control Empresarial De Capital sold 1,381,000 shares of Talos Energy stock. The shares were sold at an average price of $18.52, for a total value of $25,576,120.00.
Talos Energy Stock Performance
NYSE:TALO opened at $17.54 on Wednesday. Talos Energy Inc. has a 12 month low of $8.97 and a 12 month high of $18.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $2.93 billion, a PE ratio of -7.37 and a beta of 0.42. The business's fifty day moving average price is $16.66 and its 200 day moving average price is $15.44.
Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) 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%. Talos Energy's revenue for the quarter was up 56.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.27) EPS. On average, sell-side analysts anticipate that Talos Energy Inc. will post 1.40 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on TALO shares. Citigroup cut their target price on Talos Energy from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. KeyCorp boosted their target price on Talos Energy from $21.00 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 15th. Wall Street Zen raised Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $20.00 price target on shares of Talos Energy in a report on Monday, September 7th. Finally, Weiss Ratings lowered shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.00.
View Our Latest Research Report on Talos Energy
Institutional Investors Weigh In On Talos Energy
Several hedge funds and other institutional investors have recently bought and sold shares of TALO. BlackRock Inc. acquired a new stake in shares of Talos Energy in the 2nd quarter worth approximately $256,801,000. Canada Pension Plan Investment Board purchased a new position in Talos Energy in the 2nd quarter valued at approximately $51,874,000. Webs Creek Capital Management LP purchased a new position in Talos Energy in the 2nd quarter valued at approximately $27,039,375. Empowered Funds LLC acquired a new position in Talos Energy during the second quarter worth $16,280,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Talos Energy during the second quarter worth $12,875,000. 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.
Further Reading
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