Insider Selling: Talos Energy (NYSE:TALO) Insider Sells $37,950,000.00 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 2,200,000 shares of Talos Energy stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $17.25, for a total value of $37,950,000.00. Following the completion of the sale, the insider directly owned 32,359,036 shares in the company, valued at $558,193,371. This represents a 6.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 shares were 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 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 0.6%

Shares of Talos Energy stock opened at $16.93 on Friday. The business’s 50 day simple moving average is $16.78 and its 200 day simple moving average is $15.45. Talos Energy Inc. has a 52-week low of $8.97 and a 52-week high of $18.73. The firm has a market cap of $2.83 billion, a PE ratio of -7.11 and a beta of 0.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.61 and a current ratio of 1.61.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.36 by $0.21. The firm 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%. The business’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.27) EPS. On average, analysts predict that Talos Energy Inc. will post 1.40 earnings per share for the current fiscal year.

Talos Energy News Summary

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.

Analyst Ratings Changes

TALO has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. KeyCorp boosted their price objective on shares of Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 15th. The Goldman Sachs Group restated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a report on Monday, September 7th. Roth Capital upgraded shares of Talos Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $17.00 in a report on Wednesday, July 1st. Finally, Stephens reaffirmed an “overweight” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Talos Energy currently has an average rating of “Moderate Buy” 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 stock. Fortitude Family Office LLC raised its holdings in Talos Energy by 8,502.0% during the third quarter. Fortitude Family Office LLC now owns 4,387 shares of the company’s stock worth $72,000 after acquiring an additional 4,336 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Talos Energy during the second quarter valued at approximately $63,000. Farther Finance Advisors LLC boosted its position in Talos Energy by 317.7% during the third quarter. Farther Finance Advisors LLC now owns 9,052 shares of the company’s stock valued at $148,000 after purchasing an additional 6,885 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in Talos Energy during the second quarter valued at approximately $138,000. Finally, Corient Private Wealth LP acquired a new position in Talos Energy during the second quarter valued at approximately $161,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

About Talos Energy

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.