Insider Selling: Talos Energy (NYSE:TALO) Insider Sells $39,339,300.00 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,310,000 shares of the stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $17.03, for a total transaction of $39,339,300.00. Following the completion of the sale, the insider owned 36,289,036 shares of the company’s stock, valued at approximately $618,002,283.08. The trade was a 5.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 shares were sold at an average price of $17.08, for a total value of $29,548,400.00.
• 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 stock was sold at an average price of $18.52, for a total value of $25,576,120.00.

Talos Energy Price Performance

Shares of TALO stock opened at $16.93 on Friday. Talos Energy Inc. has a 12 month low of $8.97 and a 12 month high of $18.73. The company has a market capitalization of $2.83 billion, a P/E ratio of -7.11 and a beta of 0.42. The stock has a 50 day moving average of $16.78 and a two-hundred day moving average of $15.45. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO) last released 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. The business had revenue of $664.81 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.27) earnings per share. As a group, equities analysts expect that Talos Energy Inc. will post 1.40 EPS for the current year.

Key Stories Impacting Talos Energy

Here are the key news stories impacting Talos Energy this week:

• Positive Sentiment: Citigroup raised its Talos Energy price target from $18 to $21 and upgraded the stock to “buy,” implying roughly 24% upside from the referenced price. The higher target supports the bullish case for TALO. Benzinga analyst update
• Positive Sentiment: Talos previously reported stronger-than-expected quarterly results, including earnings per share of $0.57 versus the $0.36 consensus estimate and revenue growth of 56.5% year over year. Analysts expect approximately $1.40 in full-year EPS.
• Neutral Sentiment: Institutional ownership remains high at approximately 89%, with BlackRock, Canada Pension Plan Investment Board and other funds establishing sizable positions during the second quarter. This indicates continued institutional interest, although it does not offset the recent insider selling pressure.
• Negative Sentiment: Control Empresarial De Capital sold 2.7 million TALO shares on October 13 for approximately $47.3 million and another 265,446 shares on October 14 for about $4.6 million. The sales reduced its direct ownership to roughly 29.4 million shares. SEC insider transaction filing
• Negative Sentiment: These transactions follow additional sales of 2.2 million shares on October 12, 1.73 million on October 9 and 2.31 million on October 8. In total, the disclosed October sales represent more than 9 million shares and approximately $158 million in proceeds, creating a meaningful supply overhang and signaling that a large holder is reducing exposure.

Analysts Set New Price Targets

TALO has been the topic of a number of recent research reports. Zacks Research raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. 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. Citigroup raised their price objective on shares of Talos Energy from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.43.

Hedge Funds Weigh In On Talos Energy

Several institutional investors have recently bought and sold shares of TALO. WINTON GROUP Ltd lifted its position in Talos Energy by 1,717.7% during the 2nd quarter. WINTON GROUP Ltd now owns 223,579 shares of the company’s stock worth $2,886,000 after buying an additional 211,279 shares in the last quarter. De Lisle Partners LLP bought a new stake in Talos Energy during the 2nd quarter worth about $2,144,000. Bank of America Corp DE bought a new stake in Talos Energy during the 2nd quarter worth about $7,338,000. Webs Creek Capital Management LP bought a new stake in Talos Energy during the 2nd quarter worth about $27,039,375. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in Talos Energy by 394,736.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 300,076 shares of the company’s stock worth $4,729,000 after acquiring an additional 300,000 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company focuses on offshore assets in the U.S. Gulf of Mexico, where it operates and holds interests in producing fields and prospective exploration acreage.

Talos uses seismic data, drilling and reservoir-management techniques to identify and develop hydrocarbon resources. Its operations are concentrated in the Gulf of Mexico region, with activities spanning exploration, field development, production and related infrastructure.

Founded in 2012, Talos became a publicly traded company in 2018 through its combination with Stone Energy Corporation.