Key Points
- Control Empresarial De Capital sold 2.5 million Talos Energy shares at an average price of $18.33, generating $45.8 million. The transaction reduced its ownership by 10.2% to 22 million shares.
- The sale follows a series of sizable insider disposals since early October, totaling several million additional shares at prices ranging from roughly $16.96 to $18.52.
- Talos recently exceeded earnings and revenue expectations, while analysts’ consensus remains “Hold” with an average price target of $19.71; the stock opened at $18.18 and has traded between $9.35 and $18.76 over the past year.
Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 2,500,000 shares of Talos Energy stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $18.33, for a total value of $45,825,000.00. Following the sale, the insider directly owned 22,000,000 shares in the company, valued at approximately $403,260,000. The trade was a 10.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Control Empresarial De Capital also recently made the following trade(s):
- On Monday, October 19th, Control Empresarial De Capital sold 2,141,590 shares of Talos Energy stock. The shares were sold at an average price of $18.01, for a total value of $38,570,035.90.
- On Friday, October 16th, Control Empresarial De Capital sold 2,700,000 shares of Talos Energy stock. The shares were sold at an average price of $17.19, for a total value of $46,413,000.00.
- On Thursday, October 15th, Control Empresarial De Capital sold 52,000 shares of Talos Energy stock. The shares were sold at an average price of $17.01, for a total value of $884,520.00.
- 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 shares were 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 value of $37,950,000.00.
- On Friday, October 9th, Control Empresarial De Capital sold 1,730,000 shares of Talos Energy stock. The stock was sold at an average price of $17.08, for a total value of $29,548,400.00.
- On Thursday, October 8th, Control Empresarial De Capital sold 2,310,000 shares of Talos Energy stock. The shares were sold at an average price of $17.03, for a total value of $39,339,300.00.
- On Tuesday, October 6th, Control Empresarial De Capital sold 480,000 shares of Talos Energy stock. The shares were 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 value of $25,576,120.00.
Talos Energy Trading Down 2.0%
Talos Energy stock opened at $18.18 on Wednesday. The stock has a 50 day moving average of $17.16 and a 200-day moving average of $14.85. Talos Energy Inc. has a 52 week low of $9.35 and a 52 week high of $18.76.
Talos Energy (NYSE:TALO - Get Free Report) last released its quarterly 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 for the quarter, compared to analyst estimates of $577.92 million. The firm's quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.27) EPS. On average, analysts forecast that Talos Energy Inc. will post 1.58 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have commented on TALO shares. KeyCorp increased their price objective on shares of Talos Energy from $21.00 to $23.00 and gave the company an "overweight" rating in a research note on Tuesday, September 15th. Wall Street Zen raised shares of Talos Energy from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Roth Capital raised shares of Talos Energy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $16.00 to $17.00 in a research report on Wednesday, July 1st. Stephens reissued an "overweight" rating and issued a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $22.00 price target on shares of Talos Energy in a research report on Tuesday. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $19.71.
Get Our Latest Analysis on TALO
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of TALO. Amundi boosted its holdings in shares of Talos Energy by 1.1% in the 2nd quarter. Amundi now owns 57,590 shares of the company's stock valued at $743,000 after buying an additional 613 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Talos Energy by 4.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,535 shares of the company's stock valued at $381,000 after buying an additional 1,170 shares during the period. Bleakley Financial Group LLC grew its position in shares of Talos Energy by 3.5% during the 1st quarter. Bleakley Financial Group LLC now owns 44,827 shares of the company's stock valued at $706,000 after buying an additional 1,507 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Talos Energy by 57.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company's stock valued at $136,000 after buying an additional 3,053 shares during the last quarter. Finally, Fortitude Family Office LLC grew its position in shares of Talos Energy by 8,502.0% during the 3rd quarter. Fortitude Family Office LLC now owns 4,387 shares of the company's stock valued at $72,000 after buying an additional 4,336 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors.
Talos Energy Company Profile
(
Get Free Report)
Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company's upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.
In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.
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