Insider Buying: Talos Energy Inc. (NYSE:TALO) Insider Purchases 323,000 Shares of Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital acquired 323,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $10.84 per share, for a total transaction of $3,501,320.00. Following the acquisition, the insider now directly owns 42,858,904 shares in the company, valued at approximately $464,590,519.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, September 3rd, Control Empresarial De Capital acquired 547,000 shares of Talos Energy stock. The shares were acquired at an average cost of $10.92 per share, with a total value of $5,973,240.00.
• On Monday, August 5th, Control Empresarial De Capital purchased 343,000 shares of Talos Energy stock. The stock was acquired at an average cost of $9.99 per share, with a total value of $3,426,570.00.
• On Thursday, August 1st, Control Empresarial De Capital acquired 306,000 shares of Talos Energy stock. The shares were bought at an average cost of $11.50 per share, for a total transaction of $3,519,000.00.
• On Tuesday, July 30th, Control Empresarial De Capital bought 250,000 shares of Talos Energy stock. The stock was bought at an average cost of $11.40 per share, with a total value of $2,850,000.00.
• On Tuesday, June 18th, Control Empresarial De Capital purchased 300,000 shares of Talos Energy stock. The stock was bought at an average price of $10.80 per share, for a total transaction of $3,240,000.00.

Talos Energy Price Performance

Shares of TALO stock opened at $10.84 on Thursday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 154.79 and a beta of 1.94. Talos Energy Inc. has a 12 month low of $9.81 and a 12 month high of $17.14. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average price of $11.48 and a 200 day moving average price of $12.22.

Talos Energy (NYSE:TALO) last issued its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The company had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. During the same quarter last year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 49.6% on a year-over-year basis. Research analysts expect that Talos Energy Inc. will post -0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Stephens restated an “overweight” rating and issued a $24.00 price target on shares of Talos Energy in a research report on Wednesday, July 10th. The Goldman Sachs Group began coverage on Talos Energy in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talos Energy currently has a consensus rating of “Buy” and a consensus target price of $20.31.

Institutional Trading of Talos Energy

Several institutional investors and hedge funds have recently made changes to their positions in TALO. Dimensional Fund Advisors LP boosted its position in shares of Talos Energy by 11.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock worth $89,474,000 after purchasing an additional 669,552 shares during the last quarter. Natixis acquired a new position in shares of Talos Energy during the 1st quarter worth about $768,000. Vanguard Group Inc. increased its stake in shares of Talos Energy by 23.7% in the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after acquiring an additional 1,873,537 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Talos Energy in the 1st quarter valued at approximately $1,066,000. Finally, Empowered Funds LLC boosted its stake in Talos Energy by 56.0% during the 1st quarter. Empowered Funds LLC now owns 687,780 shares of the company’s stock worth $9,581,000 after acquiring an additional 246,846 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.