Talos Energy (NYSE:TALO) Insider Control Empresarial De Capital Sells 1,381,000 Shares of Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital sold 1,381,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $18.52, for a total value of $25,576,120.00. Following the sale, the insider directly owned 39,079,036 shares of the company’s stock, valued at approximately $723,743,746.72. This represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Talos Energy Trading Down 1.5%

NYSE:TALO opened at $17.16 on Friday. The stock has a fifty day simple moving average of $15.85 and a 200 day simple moving average of $15.09. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -7.21 and a beta of 0.36. Talos Energy Inc. has a 1-year low of $8.87 and a 1-year high of $18.73. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.57 EPS for the quarter, beating 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 company had revenue of $664.81 million during the quarter, compared to analyst estimates of $577.92 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. The business’s quarterly revenue was up 56.5% on a year-over-year basis. Sell-side analysts forecast that Talos Energy Inc. will post 1.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Citigroup lowered their price objective on shares of Talos Energy from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Weiss Ratings cut Talos Energy from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Monday, September 7th. Zacks Research raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Wall Street Zen raised Talos Energy from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its position in Talos Energy by 28.4% during the fourth quarter. Larson Financial Group LLC now owns 4,240 shares of the company’s stock valued at $47,000 after acquiring an additional 939 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Talos Energy in the second quarter worth approximately $63,000. iSAM Funds UK Ltd acquired a new position in shares of Talos Energy during the 2nd quarter worth $138,000. Corient Private Wealth LP acquired a new position in shares of Talos Energy during the 2nd quarter worth $161,000. Finally, Coldstream Capital Management Inc. raised its holdings in shares of Talos Energy by 23.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 15,121 shares of the company’s stock valued at $167,000 after purchasing an additional 2,852 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company’s stock.

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 owns and operates offshore properties and produces crude oil, natural gas and natural gas liquids.

Talos also operates a low-carbon business focused on carbon capture and sequestration. Through this business, the company evaluates and develops projects designed to capture carbon dioxide from industrial facilities and permanently store it in suitable underground geologic formations, particularly along the U.S.