Talos Energy Inc. (NYSE:TALO – Get Free Report) insider Control Empresarial De Capital sold 2,500,000 shares of Talos Energy stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $18.33, for a total transaction of $45,825,000.00. Following the sale, the insider owned 22,000,000 shares in the company, valued at $403,260,000. This represents a 10.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were 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 Thursday, October 15th, Control Empresarial De Capital sold 52,000 shares of Talos Energy stock. The stock was 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 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 Thursday, October 8th, Control Empresarial De Capital sold 2,310,000 shares of Talos Energy stock. The shares were 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 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 Performance
Shares of Talos Energy stock traded down $0.37 during trading on Tuesday, reaching $18.18. The company’s stock had a trading volume of 2,493,657 shares. The company has a 50-day moving average price of $17.16 and a two-hundred day moving average price of $14.85. Talos Energy Inc. has a fifty-two week low of $9.35 and a fifty-two week high of $18.76.
Talos Energy (NYSE:TALO – Get Free Report) last released its quarterly 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 business had revenue of $664.81 million during the quarter, compared to analysts’ expectations of $577.92 million. The firm’s revenue for the quarter was up 56.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.27) EPS. As a group, equities analysts forecast that Talos Energy Inc. will post 1.58 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have issued reports on TALO. Zacks Research cut Talos Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 19th. The Goldman Sachs Group reissued a “buy” rating and issued a $22.00 price target on shares of Talos Energy in a report on Tuesday. Citigroup lifted their price target on Talos Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. Roth Capital upgraded Talos Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.00 to $17.00 in a research note on Wednesday, July 1st. Finally, Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.71.
Check Out Our Latest Analysis on TALO
Hedge Funds Weigh In On Talos Energy
A number of large investors have recently made changes to their positions in TALO. Amundi grew its position in Talos Energy by 1.1% during the second quarter. Amundi now owns 57,590 shares of the company’s stock worth $743,000 after buying an additional 613 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of Talos Energy by 4.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,535 shares of the company’s stock valued at $381,000 after acquiring an additional 1,170 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Talos Energy by 3.5% during the 1st quarter. Bleakley Financial Group LLC now owns 44,827 shares of the company’s stock valued at $706,000 after acquiring an additional 1,507 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Talos Energy by 57.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,343 shares of the company’s stock worth $136,000 after acquiring an additional 3,053 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake 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 acquiring an additional 4,336 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company’s stock.
Talos Energy Company Profile
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.
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