Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 339,568 Shares

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 339,568 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total transaction of $5,704,742.40. Following the transaction, the insider directly owned 40,460,036 shares in the company, valued at $679,728,604.80. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, March 26th, Control Empresarial De Capital sold 960,000 shares of Talos Energy stock. The shares were sold at an average price of $16.65, for a total value of $15,984,000.00.
• On Friday, March 27th, Control Empresarial De Capital sold 1,352,000 shares of Talos Energy stock. The stock was sold at an average price of $16.68, for a total value of $22,551,360.00.

Talos Energy Price Performance

Talos Energy stock traded up $0.19 during mid-day trading on Friday, reaching $16.07. 1,284,699 shares of the company were exchanged, compared to its average volume of 2,240,415. The firm has a market cap of $2.68 billion, a PE ratio of -3.73 and a beta of 0.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.20 and a quick ratio of 1.20. The company has a fifty day simple moving average of $15.18 and a 200-day simple moving average of $12.85. Talos Energy Inc. has a 12 month low of $7.67 and a 12 month high of $17.05.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Talos Energy had a negative return on equity of 8.24% and a negative net margin of 42.58%.The firm had revenue of $472.31 million during the quarter, compared to the consensus estimate of $446.39 million. During the same period in the prior year, the company posted $0.06 EPS. The company’s revenue was down 7.9% compared to the same quarter last year. As a group, equities research analysts expect that Talos Energy Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TALO shares. Wall Street Zen raised shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Roth Mkm reissued a “neutral” rating and issued a $16.00 price objective (up from $13.00) on shares of Talos Energy in a research note on Wednesday, April 8th. Weiss Ratings upgraded shares of Talos Energy from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Mizuho set a $17.00 target price on Talos Energy in a research note on Wednesday, May 6th. Finally, KeyCorp raised their target price on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Three analysts have rated the stock with a Buy rating, four 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 a consensus rating of “Hold” and a consensus target price of $17.50.

Institutional Trading of Talos Energy

A number of hedge funds and other institutional investors have recently modified their holdings of TALO. Public Sector Pension Investment Board boosted its holdings in shares of Talos Energy by 43.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 601,218 shares of the company’s stock valued at $5,766,000 after acquiring an additional 181,443 shares in the last quarter. SG Americas Securities LLC increased its holdings in Talos Energy by 292.6% in the 4th quarter. SG Americas Securities LLC now owns 268,362 shares of the company’s stock worth $2,957,000 after purchasing an additional 200,000 shares in the last quarter. Vanguard Group Inc. increased its holdings in Talos Energy by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock worth $91,358,000 after purchasing an additional 164,999 shares in the last quarter. SummerHaven Investment Management LLC bought a new position in Talos Energy in the third quarter valued at about $901,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Talos Energy by 40.7% during the third quarter. Principal Financial Group Inc. now owns 858,560 shares of the company’s stock valued at $8,234,000 after purchasing an additional 248,200 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.