Talos Energy (NYSE:TALO) Earns Buy Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Talos Energy (NYSE:TALO) in a report published on Tuesday,Benzinga reports. They currently have a $20.00 price target on the stock.

A number of other brokerages have also recently commented on TALO. BMO Capital Markets dropped their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Mizuho initiated coverage on Talos Energy in a research report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. The Goldman Sachs Group started coverage on Talos Energy in a report on Monday, July 22nd. They set a “buy” rating and a $14.00 price target on the stock. Finally, KeyCorp cut their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.45.

Talos Energy Stock Performance

Talos Energy stock opened at $11.28 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.03 billion, a PE ratio of 20.89 and a beta of 1.92. Talos Energy has a 12-month low of $9.44 and a 12-month high of $14.80. The business’s 50-day moving average price is $10.79 and its two-hundred day moving average price is $11.34.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. As a group, analysts expect that Talos Energy will post -0.2 earnings per share for the current fiscal year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital acquired 547,000 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average cost of $10.92 per share, with a total value of $5,973,240.00. Following the transaction, the insider now owns 40,685,904 shares in the company, valued at approximately $444,290,071.68. The trade was a 1.36 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have bought 1,220,000 shares of company stock worth $13,135,560. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

Several large investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in shares of Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after buying an additional 917 shares in the last quarter. Virtus Investment Advisers Inc. bought a new position in Talos Energy during the third quarter worth $31,000. US Bancorp DE grew its holdings in Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after purchasing an additional 1,827 shares during the period. Headlands Technologies LLC bought a new stake in Talos Energy in the first quarter valued at $50,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Talos Energy by 91.1% during the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after purchasing an additional 2,235 shares during the period. Institutional investors and hedge funds 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.