Talos Energy (NYSE:TALO) Insider Sells $4,592,215.80 in Stock

Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 265,446 shares of the firm's stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $17.30, for a total transaction of $4,592,215.80. Following the completion of the sale, the insider directly owned 29,393,590 shares in the company, valued at approximately $508,509,107. This trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

• Talos Energy: Time to Take a Plunge Ahead of New CEO Appointment?

Control Empresarial De Capital also recently made the following trade(s):

• On Tuesday, October 13th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The shares were sold at an average price of $17.51, for a total transaction 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 transaction 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 transaction of $29,548,400.00.
• 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 stock was sold at an average price of $18.52, for a total value of $25,576,120.00.

Talos Energy Stock Down 0.6%

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Shares of NYSE:TALO opened at $16.93 on Friday. The stock's 50-day moving average is $16.78 and its 200 day moving average is $15.45. The company has a market cap of $2.83 billion, a PE ratio of -7.11 and a beta of 0.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. Talos Energy Inc. has a 1 year low of $8.97 and a 1 year high of $18.73.

• Top 4 Stocks With Notable Insider Buying

Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.21. Talos Energy had a negative return on equity of 1.94% and a negative net margin of 20.46%. The business had revenue of $664.81 million during the quarter, compared to analysts' expectations of $577.92 million. During the same quarter last year, the business posted ($0.27) EPS. The business's revenue was up 56.5% on a year-over-year basis. Sell-side analysts anticipate that Talos Energy Inc. will post 1.40 EPS for the current year.

Hedge Funds Weigh In On Talos Energy

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Talos Energy in the second quarter worth about $256,801,000. Dimensional Fund Advisors LP boosted its position in Talos Energy by 5.6% during the 1st 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 in the last quarter. Canada Pension Plan Investment Board bought a new stake in Talos Energy during the 2nd quarter valued at approximately $51,874,000. Webs Creek Capital Management LP bought a new stake in Talos Energy during the 2nd quarter valued at approximately $27,039,375. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Talos Energy by 14.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,277,658 shares of the company's stock worth $14,080,000 after acquiring an additional 161,652 shares during the period. 89.35% of the stock is owned by institutional investors.

More Talos Energy News

Here are the key news stories impacting Talos Energy this week:

• Positive Sentiment: Citigroup raised its Talos Energy price target from $18 to $21 and upgraded the stock to “buy,” implying roughly 24% upside from the referenced price. The higher target supports the bullish case for TALO. Benzinga analyst update
• Positive Sentiment: Talos previously reported stronger-than-expected quarterly results, including earnings per share of $0.57 versus the $0.36 consensus estimate and revenue growth of 56.5% year over year. Analysts expect approximately $1.40 in full-year EPS.
• Neutral Sentiment: Institutional ownership remains high at approximately 89%, with BlackRock, Canada Pension Plan Investment Board and other funds establishing sizable positions during the second quarter. This indicates continued institutional interest, although it does not offset the recent insider selling pressure.
• Negative Sentiment: Control Empresarial De Capital sold 2.7 million TALO shares on October 13 for approximately $47.3 million and another 265,446 shares on October 14 for about $4.6 million. The sales reduced its direct ownership to roughly 29.4 million shares. SEC insider transaction filing
• Negative Sentiment: These transactions follow additional sales of 2.2 million shares on October 12, 1.73 million on October 9 and 2.31 million on October 8. In total, the disclosed October sales represent more than 9 million shares and approximately $158 million in proceeds, creating a meaningful supply overhang and signaling that a large holder is reducing exposure.

Analysts Set New Price Targets

A number of equities analysts recently commented on TALO shares. Roth Capital upgraded Talos Energy from a "neutral" rating to a "buy" rating and upped their target price for the company from $16.00 to $17.00 in a report on Wednesday, July 1st. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $20.00 price target on shares of Talos Energy in a research note on Monday, September 7th. KeyCorp lifted their price target on shares of Talos Energy from $21.00 to $23.00 and gave the company 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 company a "buy" rating in a report on Thursday. Finally, Wall Street Zen raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. One investment 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 an average target price of $19.43.

Check Out Our Latest Research Report on TALO

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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