Talos Energy (NYSE:TALO) Stock Rating Reaffirmed by Benchmark

Talos Energy (NYSE:TALO)‘s stock had its “buy” rating reiterated by analysts at Benchmark in a research note issued to investors on Friday, Benzinga reports. They presently have a $20.00 price objective on the stock. Benchmark’s target price would indicate a potential upside of 96.27% from the company’s current price.

A number of other research firms have also commented on TALO. The Goldman Sachs Group started coverage on shares of Talos Energy in a research report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective for the company. Stephens reissued an “overweight” rating and issued a $24.00 price target on shares of Talos Energy in a report on Wednesday, July 10th. Finally, Mizuho initiated coverage on shares of Talos Energy in a report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $19.83.

Talos Energy Stock Up 1.4 %

TALO opened at $10.19 on Friday. Talos Energy has a 12 month low of $9.81 and a 12 month high of $17.09. The company has a market cap of $1.84 billion, a PE ratio of 145.57 and a beta of 1.94. 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 company has a 50 day moving average of $11.31 and a 200 day moving average of $12.06.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The company had revenue of $549.17 million during the quarter, compared to analysts’ expectations of $516.61 million. During the same period in the previous year, the business earned $0.06 earnings per share. The firm’s quarterly revenue was up 49.6% compared to the same quarter last year. On average, sell-side analysts expect that Talos Energy will post -0.14 EPS for the current year.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital purchased 343,000 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $9.99 per share, for a total transaction of $3,426,570.00. Following the completion of the transaction, the insider now directly owns 39,488,904 shares of the company’s stock, valued at approximately $394,494,150.96. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Over the last ninety days, insiders purchased 2,019,000 shares of company stock worth $21,900,130. Corporate insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of Talos Energy by 51.9% in the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock valued at $33,000 after purchasing an additional 917 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Talos Energy during the first quarter valued at about $50,000. Nisa Investment Advisors LLC grew its stake 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 buying an additional 2,235 shares during the last quarter. Sandia Investment Management LP purchased a new position in shares of Talos Energy in the first quarter worth about $70,000. Finally, Norden Group LLC bought a new stake in shares of Talos Energy in the 1st quarter valued at about $147,000. 89.35% of the stock is currently owned by institutional investors.

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.