Benchmark Reiterates “Buy” Rating for Talos Energy (NYSE:TALO)

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

A number of other brokerages also recently commented on TALO. The Goldman Sachs Group began 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. BMO Capital Markets lowered their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report 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 price objective for the company. Finally, KeyCorp decreased their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.45.

Talos Energy Price Performance

Shares of NYSE TALO opened at $11.28 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.80. The business has a 50-day moving average of $10.79 and a 200-day moving average of $11.34. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 20.89 and a beta of 1.92. Talos Energy has a fifty-two week low of $9.44 and a fifty-two week high of $14.80.

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

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital acquired 323,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $10.84 per share, with a total value of $3,501,320.00. Following the acquisition, the insider now directly owns 42,858,904 shares of the company’s stock, valued at approximately $464,590,519.36. This trade represents a 0.76 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 1,220,000 shares of company stock worth $13,135,560 in the last 90 days. Company insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

Institutional investors have recently made changes to their positions in the stock. Natixis acquired a new position in Talos Energy in the 1st quarter valued at $768,000. Vanguard Group Inc. raised its stake in Talos Energy by 23.7% in the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after purchasing an additional 1,873,537 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Talos Energy by 37.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 880,345 shares of the company’s stock worth $10,696,000 after purchasing an additional 239,996 shares during the period. Encompass Capital Advisors LLC acquired a new stake in Talos Energy during the second quarter worth about $18,832,000. Finally, HITE Hedge Asset Management LLC increased its holdings in Talos Energy by 78.0% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock valued at $30,939,000 after buying an additional 1,116,241 shares during the period. 89.35% of the stock is currently owned by institutional investors.

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.