TALOS ENERGY INC.
No SEC Form 4 filings for $TALO in the last 30 days.
Control Empresarial de Capitales S.A. de C.V., a 10% owner of Talos Energy (TALO), sold 339,568 common shares at a weighted average price of $16.7972 per share. This open-market transaction, detailed in a Form 4 SEC filing, represents a small portion of the owner's overall stake, as they still hold over 40 million shares. The sale indicates a minor trimming of position rather than a significant exit.
Shares of Talos Energy (TALO) fell 5.6% after the company reported a significant net loss of $256.2 million in Q1, driven by non-cash charges and commodity hedge losses, despite beating analyst estimates. The decline was exacerbated by a broader sell-off in oil prices due to hopes of a potential U.S.-Iran agreement increasing global oil supply. This market reaction is seen as meaningful but not fundamentally altering the perception of the business, with the stock up 36.1% year-to-date.
KeyCorp raised its price target for Talos Energy (NYSE:TALO) to $21.00 from $15.00, maintaining an "overweight" rating, which implies a potential 40.5% upside. This adjustment comes despite Talos Energy missing quarterly earnings and revenue estimates. Other analysts have a mixed view on the stock, with an average "Hold" rating and a consensus price target of $17.50, while institutional investors hold a significant portion of its shares.
