Key Points
- Control Empresarial De Capital sold 52,000 Talos Energy shares at an average price of $17.01, for $884,520, reducing its stake by 0.18% to approximately 29.34 million shares. The insider has also conducted several much larger sales recently.
- Talos Energy shares opened at $18.06 and remain near their 12-month high of $18.73. The company’s latest quarterly results exceeded expectations, with earnings of $0.57 per share versus a $0.36 consensus and revenue of $664.81 million.
- Analysts maintain a generally positive outlook, with an overall “Moderate Buy” rating and an average price target of $19.43; recent targets range as high as $23.00.
Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 52,000 shares of Talos Energy stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $17.01, for a total transaction of $884,520.00. Following the completion of the transaction, the insider owned 29,341,590 shares in the company, valued at approximately $499,100,445.90. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Control Empresarial De Capital also recently made the following trade(s):
- On Friday, October 16th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The stock was sold at an average price of $17.19, for a total value of $46,413,000.00.
- On Wednesday, October 14th, Control Empresarial De Capital sold 265,446 shares of Talos Energy stock. The shares were sold at an average price of $17.30, for a total value of $4,592,215.80.
- On Tuesday, October 13th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The stock was sold at an average price of $17.51, for a total value of $47,277,000.00.
- 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 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 value 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 transaction of $25,576,120.00.
Talos Energy Trading Up 1.6%
Shares of NYSE TALO opened at $18.06 on Tuesday. Talos Energy Inc. has a twelve month low of $8.97 and a twelve month high of $18.73. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of -7.59 and a beta of 0.42. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. The company's fifty day moving average is $16.90 and its 200-day moving average is $15.47.
Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.21. The business had revenue of $664.81 million during the quarter, compared to analysts' expectations of $577.92 million. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The firm's quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.27) EPS. Equities research analysts predict that Talos Energy Inc. will post 1.73 EPS for the current year.
Hedge Funds Weigh In On Talos Energy
A number of large investors have recently made changes to their positions in the company. Counterpoint Mutual Funds LLC acquired a new position in Talos Energy in the 3rd quarter worth about $9,513,000. Fortitude Family Office LLC boosted its position in Talos Energy by 8,502.0% during the 3rd quarter. Fortitude Family Office LLC now owns 4,387 shares of the company's stock worth $72,000 after buying an additional 4,336 shares during the period. Farther Finance Advisors LLC boosted its position in Talos Energy by 317.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company's stock worth $148,000 after buying an additional 6,885 shares during the period. Congress Asset Management Co. grew its holdings in Talos Energy by 22.1% during the 3rd 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 during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Talos Energy by 4.1% during the 2nd 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 during the last quarter. Institutional investors own 89.35% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on TALO shares. Stephens restated an "overweight" rating and set a $20.00 price objective on shares of Talos Energy in a research note on Wednesday, July 1st. Weiss Ratings downgraded shares of Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, August 6th. Citigroup raised their target price on shares of Talos Energy from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, October 15th. KeyCorp lifted their price target on Talos Energy from $21.00 to $23.00 and gave the stock an "overweight" rating in a report on Tuesday, September 15th. Finally, Zacks Research raised Talos Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Talos Energy presently has an average rating of "Moderate Buy" and an average target price of $19.43.
Check Out Our Latest 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
