Insider Selling: Talos Energy (NYSE:TALO) Insider Sells 1,352,000 Shares of Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 1,352,000 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the completion of the transaction, the insider directly owned 41,233,604 shares in the company, valued at $687,776,514.72. This represents a 3.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction of $15,984,000.00.

Talos Energy Trading Up 3.8%

Talos Energy stock traded up $0.56 during trading hours on Thursday, hitting $15.49. The company had a trading volume of 514,219 shares, compared to its average volume of 2,382,619. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $2.61 billion, a P/E ratio of -5.46 and a beta of 0.54. The company has a 50-day moving average price of $13.32 and a two-hundred day moving average price of $11.48. Talos Energy Inc. has a 1 year low of $6.23 and a 1 year high of $17.00.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The company had revenue of $392.24 million for the quarter, compared to the consensus estimate of $431.22 million. During the same period in the prior year, the firm posted $0.08 EPS. The business’s revenue was down 19.2% on a year-over-year basis. On average, sell-side analysts anticipate that Talos Energy Inc. will post -0.44 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on TALO. Citigroup raised their price target on Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Benchmark downgraded shares of Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. KeyCorp boosted their price target on shares of Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wall Street Zen cut shares of Talos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Talos Energy has a consensus rating of “Hold” and a consensus target price of $17.50.

Institutional Investors Weigh In On Talos Energy

A number of hedge funds have recently made changes to their positions in TALO. Virtus Fixed Income Advisers LLC bought a new stake in shares of Talos Energy in the 2nd quarter valued at about $25,000. Larson Financial Group LLC raised its stake in shares of Talos Energy by 142.9% during the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after acquiring an additional 1,942 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after acquiring an additional 2,123 shares during the last quarter. Quarry LP acquired a new stake in Talos Energy in the third quarter valued at approximately $36,000. Finally, PNC Financial Services Group Inc. grew its holdings in Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after purchasing an additional 1,049 shares during the last quarter. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.