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

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

Other analysts have also recently issued reports about the company. Mizuho started coverage on Talos Energy in a report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. BMO Capital Markets reduced their price target on shares of 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. KeyCorp reduced their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group started coverage on shares of Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.65.

Talos Energy Stock Performance

NYSE:TALO opened at $11.97 on Tuesday. Talos Energy has a twelve month low of $9.44 and a twelve month high of $15.17. The company has a market cap of $2.16 billion, a P/E ratio of 399.00 and a beta of 1.92. 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’s 50-day moving average price is $10.75 and its 200-day moving average price is $11.36.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of $10.31 per share, for a total transaction of $1,031,000.00. Following the purchase, the insider now directly owns 43,545,604 shares in the company, valued at approximately $448,955,177.24. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 1,220,000 shares of company stock worth $13,135,560 in the last quarter. 0.77% of the stock is owned by insiders.

Hedge Funds Weigh In On Talos Energy

A number of large investors have recently bought and sold shares of TALO. Vanguard Group Inc. increased its position in Talos Energy by 23.7% during the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after purchasing an additional 1,873,537 shares during the period. Dimensional Fund Advisors LP raised its position in Talos Energy by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock worth $79,545,000 after acquiring an additional 179,181 shares during the last quarter. Invesco Senior Secured Management Inc. ADV purchased a new stake in Talos Energy in the 1st quarter valued at approximately $77,977,000. American Century Companies Inc. boosted its stake in shares of Talos Energy by 26.2% during the second quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock valued at $36,236,000 after acquiring an additional 619,169 shares during the last quarter. Finally, HITE Hedge Asset Management LLC boosted its stake in shares of Talos Energy by 78.0% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock worth $30,939,000 after purchasing an additional 1,116,241 shares during the last quarter. Hedge funds and other 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.