Talos Energy (NYSE:TALO) Insider Sells $884,520.00 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 52,000 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $17.01, for a total value of $884,520.00. Following the completion of the sale, the insider directly owned 29,341,590 shares of the company’s stock, valued at approximately $499,100,445.90. This represents a 0.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 stock was 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 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 stock was 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 shares were 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 stock was 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 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 stock was sold at an average price of $18.52, for a total value of $25,576,120.00.

Talos Energy Stock Down 0.0%

NYSE TALO opened at $18.05 on Thursday. The business’s fifty day simple moving average is $17.00 and its 200-day simple moving average is $15.51. 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 firm has a market cap of $3.01 billion, a PE ratio of -7.58 and a beta of 0.42. Talos Energy Inc. has a 52 week low of $8.97 and a 52 week high of $18.73.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.21. Talos Energy had a negative net margin of 20.46% and a negative return on equity of 1.94%. The firm had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. Talos Energy’s quarterly revenue was up 56.5% on a year-over-year basis. As a group, equities analysts anticipate that Talos Energy Inc. will post 1.58 earnings per share for the current year.

Hedge Funds Weigh In On Talos Energy

Several large investors have recently modified their holdings of TALO. Public Employees Retirement System of Ohio purchased a new position in shares of Talos Energy during the 2nd quarter worth $63,000. Fortitude Family Office LLC increased 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 worth $72,000 after purchasing an additional 4,336 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Talos Energy by 57.7% in 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 period. iSAM Funds UK Ltd purchased a new stake in Talos Energy in the 2nd quarter valued at about $138,000. Finally, Farther Finance Advisors LLC raised its holdings in Talos Energy by 317.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock valued at $148,000 after buying an additional 6,885 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings lowered shares of Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Zacks Research cut shares of Talos Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group restated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Monday, September 7th. KeyCorp raised their price target on shares of Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, September 15th. 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. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.43.

About Talos Energy

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.