Insider Buying: Talos Energy Inc. (NYSE:TALO) Insider Purchases $2,850,000.00 in Stock

Talos Energy Inc. (NYSE:TALO) insider Control Empresarial De Capital acquired 250,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were purchased at an average cost of $11.40 per share, for a total transaction of $2,850,000.00. Following the completion of the transaction, the insider now owns 38,222,904 shares in the company, valued at approximately $435,741,105.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, June 18th, Control Empresarial De Capital purchased 300,000 shares of Talos Energy stock. The stock was purchased at an average cost of $10.80 per share, for a total transaction of $3,240,000.00.
• On Wednesday, May 29th, Control Empresarial De Capital purchased 200,000 shares of Talos Energy stock. The stock was purchased at an average price of $11.48 per share, with a total value of $2,296,000.00.
• On Thursday, May 23rd, Control Empresarial De Capital bought 150,000 shares of Talos Energy stock. The shares were purchased at an average price of $11.51 per share, for a total transaction of $1,726,500.00.

Talos Energy Price Performance

Talos Energy stock opened at $10.67 on Friday. The firm has a market capitalization of $1.96 billion, a PE ratio of 152.43 and a beta of 1.95. Talos Energy Inc. has a 12-month low of $10.10 and a 12-month high of $17.59. The firm has a 50-day moving average price of $11.43 and a 200-day moving average price of $12.50. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56.

Talos Energy (NYSE:TALO) last announced its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.13. Talos Energy had a negative return on equity of 0.16% and a negative net margin of 0.96%. The business had revenue of $429.93 million during the quarter, compared to analyst estimates of $404.00 million. As a group, equities research analysts forecast that Talos Energy Inc. will post -0.11 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on TALO shares. KeyCorp boosted their price objective on Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Stifel Nicolaus increased their price objective on shares of Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Benchmark reissued a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a report on Friday, June 21st. Stephens reaffirmed an “overweight” rating and set a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group initiated coverage on shares of Talos Energy in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, Talos Energy has an average rating of “Buy” and an average price target of $20.17.

Hedge Funds Weigh In On Talos Energy

Several hedge funds have recently bought and sold shares of the business. Invesco Senior Secured Management Inc. ADV purchased a new stake in shares of Talos Energy during the first quarter valued at $77,977,000. Vanguard Group Inc. grew its stake in Talos Energy by 23.7% in the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after acquiring an additional 1,873,537 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Talos Energy during the second quarter worth approximately $13,693,000. Loews Corp purchased a new stake in shares of Talos Energy in the second quarter valued at approximately $8,505,000. Finally, Dimensional Fund Advisors LP grew its stake in Talos Energy by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock worth $89,474,000 after purchasing an additional 669,552 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

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.