Insider Buying: Talos Energy Inc. (NYSE:TALO) Insider Acquires 250,000 Shares of Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital acquired 250,000 shares of the company’s stock in a transaction dated Wednesday, September 25th. The stock was purchased at an average cost of $10.52 per share, with a total value 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 approximately $453,505,670.08. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, September 5th, Control Empresarial De Capital acquired 323,000 shares of Talos Energy stock. The stock was acquired 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 bought 547,000 shares of Talos Energy stock. The shares were 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 acquired 343,000 shares of Talos Energy stock. The shares were bought at an average cost of $9.99 per share, for a total transaction of $3,426,570.00.
• On Thursday, August 1st, Control Empresarial De Capital purchased 306,000 shares of Talos Energy stock. The shares were bought at an average price of $11.50 per share, for a total transaction of $3,519,000.00.
• On Tuesday, July 30th, Control Empresarial De Capital purchased 250,000 shares of Talos Energy stock. The stock was purchased at an average price of $11.40 per share, with a total value of $2,850,000.00.

Talos Energy Stock Performance

Shares of Talos Energy stock traded up $0.14 during trading on Friday, reaching $10.19. The company’s stock had a trading volume of 1,767,522 shares, compared to its average volume of 2,167,779. The firm has a market cap of $1.84 billion, a PE ratio of 145.57 and a beta of 1.94. The company has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $12.08. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. Talos Energy Inc. has a fifty-two week low of $9.81 and a fifty-two week high of $17.09.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Mizuho began coverage on shares of Talos Energy in a report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Talos Energy in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 price objective for the company. Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Friday. Finally, Stephens reaffirmed an “overweight” rating and issued a $24.00 price target on shares of Talos Energy in a report on Wednesday, July 10th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $19.83.

Hedge Funds Weigh In On Talos Energy

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in shares of Talos Energy by 51.9% in the second quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after acquiring an additional 917 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Talos Energy in the first quarter valued at about $50,000. Nisa Investment Advisors LLC boosted its holdings in 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 purchasing an additional 2,235 shares in the last quarter. Sandia Investment Management LP acquired a new position in Talos Energy during the 1st quarter worth approximately $70,000. Finally, Norden Group LLC purchased a new position in shares of Talos Energy during the 1st quarter worth approximately $147,000. 89.35% of the stock is owned by institutional investors and hedge funds.

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.