Talos Energy Inc. (NYSE:TALO) Insider Purchases $3,501,320.00 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital acquired 323,000 shares of the stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $10.84 per share, for a total transaction of $3,501,320.00. Following the completion of the transaction, the insider now owns 42,858,904 shares in the company, valued at approximately $464,590,519.36. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, September 3rd, Control Empresarial De Capital purchased 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 stock was 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 bought 306,000 shares of Talos Energy stock. The shares were 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 purchased 250,000 shares of Talos Energy stock. The stock was bought at an average cost of $11.40 per share, with a total value of $2,850,000.00.
• On Tuesday, June 18th, Control Empresarial De Capital acquired 300,000 shares of Talos Energy stock. The shares were bought at an average cost of $10.80 per share, for a total transaction of $3,240,000.00.

Talos Energy Price Performance

Shares of Talos Energy stock opened at $10.84 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $11.48 and a 200-day simple moving average of $12.22. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 154.79 and a beta of 1.94. Talos Energy Inc. has a 1-year low of $9.81 and a 1-year high of $17.14.

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.16. The firm had revenue of $549.17 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 EPS. On average, sell-side analysts expect that Talos Energy Inc. will post -0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TALO has been the subject of a number of research reports. The Goldman Sachs Group assumed coverage on shares of Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 target price for the company. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Thursday, August 8th. Finally, Stephens reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a research report on Wednesday, July 10th. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talos Energy presently has a consensus rating of “Buy” and an average price target of $20.31.

Institutional Trading of Talos Energy

Several hedge funds have recently added to or reduced their stakes in TALO. Signaturefd LLC increased its position in Talos Energy by 51.9% in 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 period. Headlands Technologies LLC acquired a new stake in shares of Talos Energy in the first quarter worth $50,000. Nisa Investment Advisors LLC increased its position in Talos Energy by 91.1% during the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock worth $57,000 after acquiring an additional 2,235 shares during the period. Sandia Investment Management LP acquired a new position in Talos Energy during the 1st quarter valued at $70,000. Finally, Quadrant Capital Group LLC raised its stake in Talos Energy by 44.3% during the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after purchasing an additional 1,731 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

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.