Insider Buying: Talos Energy Inc. (NYSE:TALO) Insider Buys 100,000 Shares of Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital bought 100,000 shares of Talos Energy stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average cost of $10.31 per share, for a total transaction of $1,031,000.00. Following the acquisition, the insider now owns 43,545,604 shares in the company, valued at approximately $448,955,177.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, September 25th, Control Empresarial De Capital purchased 250,000 shares of Talos Energy stock. The stock was acquired at an average cost of $10.52 per share, with a total value of $2,630,000.00.
• On Thursday, September 5th, Control Empresarial De Capital acquired 323,000 shares of Talos Energy stock. The shares were bought at an average cost of $10.84 per share, for a total transaction of $3,501,320.00.
• On Tuesday, September 3rd, Control Empresarial De Capital bought 547,000 shares of Talos Energy stock. The stock was bought 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 acquired 343,000 shares of Talos Energy stock. The stock was bought at an average price of $9.99 per share, with a total value of $3,426,570.00.
• On Thursday, August 1st, Control Empresarial De Capital bought 306,000 shares of Talos Energy stock. The stock was purchased 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 shares were purchased at an average cost of $11.40 per share, with a total value of $2,850,000.00.

Talos Energy Stock Performance

NYSE TALO traded up $0.09 on Tuesday, reaching $10.44. 3,205,872 shares of the stock were exchanged, compared to its average volume of 2,174,549. The firm has a market capitalization of $1.88 billion, a PE ratio of 149.00 and a beta of 1.94. Talos Energy Inc. has a one year low of $9.81 and a one year high of $16.99. The company’s 50-day simple moving average is $11.28 and its two-hundred day simple moving average is $12.03. 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 (NYSE:TALO) last posted 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 firm had revenue of $549.17 million during the quarter, compared to the consensus estimate of $516.61 million. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The company’s quarterly 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 EPS. Analysts expect that Talos Energy Inc. will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Talos Energy

Several institutional investors have recently made changes to their positions in TALO. Creative Planning grew its stake in Talos Energy by 47.1% during the 2nd quarter. Creative Planning now owns 29,083 shares of the company’s stock worth $353,000 after buying an additional 9,315 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Talos Energy by 26.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 80,571 shares of the company’s stock valued at $979,000 after acquiring an additional 17,004 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in Talos Energy during the 2nd quarter worth about $18,832,000. AQR Capital Management LLC purchased a new position in Talos Energy during the second quarter valued at approximately $608,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Talos Energy in the 2nd quarter valued at $1,186,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analyst Ratings Changes

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

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.