Key Points
- Control Empresarial De Capital sold 308,586 Talos Energy shares at an average price of $18.50, generating approximately $5.7 million and reducing its position by 1.4%. The insider retained about 21.7 million shares.
- The sale follows a series of substantial disposals throughout October, including transactions involving 1.2 million and 2.5 million shares, creating a potential overhang and increased selling pressure for TALO.
- Talos recently exceeded earnings expectations, reporting $0.57 in quarterly EPS versus a $0.36 consensus and $664.8 million in revenue. Analyst sentiment is mixed: the consensus rating is Hold, with an average price target of $19.71.
Talos Energy Inc. (NYSE:TALO - Get Free Report) insider Control Empresarial De Capital sold 308,586 shares of the firm's stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $18.50, for a total transaction of $5,708,841.00. Following the completion of the transaction, the insider owned 21,691,414 shares of the company's stock, valued at approximately $401,291,159. This trade represents a 1.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Control Empresarial De Capital also recently made the following trade(s):
- On Wednesday, October 28th, Control Empresarial De Capital sold 1,200,000 shares of Talos Energy stock. The stock was sold at an average price of $18.33, for a total transaction of $21,996,000.00.
- On Friday, October 23rd, Control Empresarial De Capital sold 2,500,000 shares of Talos Energy stock. The stock was sold at an average price of $18.33, for a total transaction of $45,825,000.00.
- On Monday, October 19th, Control Empresarial De Capital sold 2,141,590 shares of Talos Energy stock. The stock was sold at an average price of $18.01, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 stock was 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.
Talos Energy Stock Performance
Shares of Talos Energy stock opened at $17.87 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60. Talos Energy Inc. has a twelve month low of $9.35 and a twelve month high of $18.76. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of -7.51 and a beta of 0.42. The company's fifty day moving average is $17.21 and its 200 day moving average is $14.92.
Talos Energy (NYSE:TALO - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.21. The business had revenue of $664.81 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned ($0.27) EPS. Sell-side analysts forecast that Talos Energy Inc. will post 1.58 EPS for the current year.
More Talos Energy News
Here are the key news stories impacting Talos Energy this week:
- Positive Sentiment: Analysts identify breakout potential. Zacks highlighted TALO as a potential breakout stock, citing projected earnings growth and a share price near its 52-week high. The stock also has several bullish ratings, including a $23 price target from KeyCorp and a $22 target from Goldman Sachs. Zacks breakout stocks article
- Positive Sentiment: Recent operating results exceeded expectations. Talos most recently reported adjusted earnings of $0.57 per share versus the $0.36 consensus estimate, while revenue of $664.8 million increased 56.5% year over year and surpassed forecasts. Analysts currently expect approximately $1.58 in full-year EPS. Talos Energy earnings and analyst data
- Neutral Sentiment: Broader oil-market investor activity provides context. Mexico’s richest man reportedly sold approximately $1.15 billion in oil stocks, suggesting portfolio repositioning among major energy investors, although the article does not establish that the sales reflect a change in Talos’s operating outlook. Mexico oil stock sales article
- Negative Sentiment: Repeated large shareholder disposals are the main near-term overhang. Control Empresarial De Capital sold 1.2 million TALO shares for approximately $22.0 million on October 28, following a sale of 308,586 shares worth $5.7 million on October 27. The holder also reported a 2.5 million-share sale earlier in the month. The latest transactions reduced its ownership to 20.49 million shares, potentially increasing selling pressure and investor concerns about supply. SEC insider transaction filing
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reissued a "buy" rating and issued a $22.00 price target on shares of Talos Energy in a research note on Tuesday. Citigroup raised their price objective on Talos Energy from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, October 15th. Zacks Research lowered Talos Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 19th. Weiss Ratings cut Talos Energy from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Finally, KeyCorp upped their target price on Talos Energy from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Tuesday, September 15th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Talos Energy has a consensus rating of "Hold" and an average price target of $19.71.
View Our Latest Stock Report on TALO
Institutional Investors Weigh In On Talos Energy
Large investors have recently modified their holdings of the company. Amundi raised its stake in Talos Energy by 1.1% during the second quarter. Amundi now owns 57,590 shares of the company's stock worth $743,000 after buying an additional 613 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Talos Energy by 4.1% in the second 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 lifted its holdings in Talos Energy by 3.5% in the first 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 period. Nisa Investment Advisors LLC lifted its holdings in Talos Energy by 57.7% in the third 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 period. Finally, Fortitude Family Office LLC boosted its position in Talos Energy by 8,502.0% during the third quarter. Fortitude Family Office LLC now owns 4,387 shares of the company's stock valued at $72,000 after acquiring an additional 4,336 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.
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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