Control Empresarial De Capital Purchases 300,000 Shares of Talos Energy Inc. (NYSE:TALO) Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital acquired 300,000 shares of Talos Energy stock in a transaction that occurred on Tuesday, June 18th. The stock was purchased at an average price of $10.80 per share, with a total value of $3,240,000.00. Following the transaction, the insider now owns 37,972,904 shares of the company’s stock, valued at $410,107,363.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, May 29th, Control Empresarial De Capital purchased 200,000 shares of Talos Energy stock. The stock was acquired at an average cost of $11.48 per share, with a total value of $2,296,000.00.
• On Thursday, May 23rd, Control Empresarial De Capital acquired 150,000 shares of Talos Energy stock. The stock was acquired at an average price of $11.51 per share, with a total value of $1,726,500.00.

Talos Energy Trading Up 0.9 %

Shares of Talos Energy stock opened at $11.32 on Monday. Talos Energy Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $17.59. The business’s fifty day moving average is $12.12 and its two-hundred day moving average is $12.93. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.56. The firm has a market cap of $2.08 billion, a PE ratio of 160.29 and a beta of 1.92.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.13. Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. The company had revenue of $429.93 million during the quarter, compared to the consensus estimate of $404.00 million. Analysts anticipate that Talos Energy Inc. will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Talos Energy by 13.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,755 shares of the company’s stock worth $127,000 after purchasing an additional 903 shares during the period. Quadrant Capital Group LLC grew its stake in Talos Energy by 44.3% during the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after buying an additional 1,731 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Talos Energy by 23.4% in the first quarter. Ameritas Investment Partners Inc. now owns 13,717 shares of the company’s stock worth $191,000 after acquiring an additional 2,600 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Talos Energy in the 1st quarter valued at $50,000. Finally, Congress Asset Management Co. MA raised its stake in shares of Talos Energy by 1.0% in the 1st quarter. Congress Asset Management Co. MA now owns 375,382 shares of the company’s stock valued at $5,229,000 after acquiring an additional 3,800 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TALO shares. Benchmark reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Friday. Stifel Nicolaus lifted their price target on shares of Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Tuesday, April 23rd. TheStreet lowered Talos Energy from a “b-” rating to a “c+” rating in a research note on Tuesday, March 19th. KeyCorp raised their price objective on Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Citigroup assumed coverage on Talos Energy in a research note on Friday, March 22nd. They set a “buy” rating and a $16.50 price target for the company. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talos Energy has a consensus rating of “Buy” and a consensus target price of $20.94.

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.