Insider Selling: Talos Energy (NYSE:TALO) Insider Sells $46,413,000.00 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,700,000 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $17.19, for a total transaction of $46,413,000.00. Following the completion of the sale, the insider owned 26,641,590 shares in the company, valued at $457,968,932.10. The trade was a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 value of $884,520.00.
• 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 stock was 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 stock was 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 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.
• 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 transaction 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 transaction of $25,576,120.00.

Talos Energy Stock Down 0.0%

TALO stock opened at $18.05 on Thursday. Talos Energy Inc. has a 52-week low of $8.97 and a 52-week high of $18.73. The company’s 50 day simple moving average is $17.00 and its 200-day simple moving average is $15.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market capitalization of $3.01 billion, a P/E ratio of -7.58 and a beta of 0.42.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, topping 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 last year, the business posted ($0.27) EPS. The company’s revenue was up 56.5% on a year-over-year basis. As a group, equities research analysts anticipate that Talos Energy Inc. will post 1.58 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on TALO. Weiss Ratings lowered Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. KeyCorp raised their price objective on Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. Citigroup lifted their target price on Talos Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. Zacks Research downgraded Talos Energy from a “strong-buy” rating to a “hold” rating in a report on Monday. 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 research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.43.

Institutional Trading of Talos Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Talos Energy in the 2nd quarter worth about $256,801,000. Dimensional Fund Advisors LP lifted its holdings in shares of Talos Energy by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,468,553 shares of the company’s stock valued at $149,234,000 after buying an additional 501,552 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Talos Energy during the 2nd quarter valued at about $51,874,000. Webs Creek Capital Management LP acquired a new stake in shares of Talos Energy during the 2nd quarter valued at about $27,039,375. Finally, Empowered Funds LLC bought a new stake in shares of Talos Energy in the 2nd quarter valued at approximately $16,280,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.