Talos Energy Inc. (NYSE:TALO) Insider Control Empresarial De Capital Buys 250,000 Shares

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital bought 250,000 shares of Talos Energy stock in a transaction on Wednesday, September 25th. The shares were purchased at an average cost of $10.52 per share, for a total transaction of $2,630,000.00. Following the completion of the purchase, the insider now directly owns 43,108,904 shares of the company’s stock, valued at $453,505,670.08. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, September 5th, Control Empresarial De Capital purchased 323,000 shares of Talos Energy stock. The shares were purchased at an average price of $10.84 per share, with a total value of $3,501,320.00.
• On Tuesday, September 3rd, Control Empresarial De Capital acquired 547,000 shares of Talos Energy stock. The stock was acquired at an average price of $10.92 per share, for a total transaction of $5,973,240.00.
• On Monday, August 5th, Control Empresarial De Capital bought 343,000 shares of Talos Energy stock. The shares were 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 purchased 306,000 shares of Talos Energy stock. The stock was acquired 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 acquired 250,000 shares of Talos Energy stock. The stock was bought at an average price of $11.40 per share, for a total transaction of $2,850,000.00.

Talos Energy Stock Performance

Shares of TALO stock opened at $10.19 on Friday. The firm has a 50 day moving average of $11.31 and a two-hundred day moving average of $12.06. The stock has a market capitalization of $1.84 billion, a PE ratio of 145.57 and a beta of 1.94. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. Talos Energy Inc. has a 52 week low of $9.81 and a 52 week high of $17.09.

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

Hedge Funds Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after buying an additional 917 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Talos Energy in the 1st quarter valued at $50,000. Nisa Investment Advisors LLC grew its position in shares of Talos Energy by 91.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after buying an additional 2,235 shares during the last quarter. Sandia Investment Management LP acquired a new stake in Talos Energy during the 1st quarter worth $70,000. Finally, Norden Group LLC purchased a new stake in Talos Energy in the first quarter valued at $147,000. 89.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TALO. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Friday. Mizuho assumed coverage on shares of Talos Energy in a report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. Stephens restated an “overweight” rating and set a $24.00 price target on shares of Talos Energy in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group started coverage on Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $19.83.

About Talos Energy

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.