Talos Energy (NYSE:TALO) Receives “Buy” Rating from Benchmark

Talos Energy (NYSE:TALO)‘s stock had its “buy” rating restated by Benchmark in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $20.00 target price on the stock. Benchmark’s price objective indicates a potential upside of 96.27% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Mizuho assumed coverage on shares of Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target on the stock. Stephens reiterated an “overweight” rating and set a $24.00 target price on shares of Talos Energy in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group began coverage on Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 target price for the company. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Talos Energy presently has an average rating of “Buy” and a consensus price target of $19.83.

Talos Energy Trading Up 1.4 %

TALO opened at $10.19 on Friday. Talos Energy has a one year low of $9.81 and a one year high of $17.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day simple moving average of $11.31 and a two-hundred day simple moving average of $12.06. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 145.57 and a beta of 1.94.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.16. The company had revenue of $549.17 million during the quarter, compared to analyst estimates of $516.61 million. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The firm’s revenue was up 49.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. Analysts predict that Talos Energy will post -0.14 EPS for the current year.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital acquired 306,000 shares of the stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $11.50 per share, for a total transaction of $3,519,000.00. Following the completion of the purchase, the insider now owns 38,528,904 shares of the company’s stock, valued at $443,082,396. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 2,019,000 shares of company stock valued at $21,900,130 in the last 90 days. Corporate insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TALO. Pinnacle Holdings LLC grew its holdings in shares of Talos Energy by 5.3% during the fourth quarter. Pinnacle Holdings LLC now owns 116,739 shares of the company’s stock valued at $1,661,000 after buying an additional 5,879 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in Talos Energy by 4.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 949,334 shares of the company’s stock valued at $13,509,000 after purchasing an additional 39,829 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Talos Energy by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 7,920,081 shares of the company’s stock worth $112,703,000 after purchasing an additional 332,489 shares in the last quarter. Congress Asset Management Co. MA raised its stake in shares of Talos Energy by 1.0% in the first quarter. Congress Asset Management Co. MA now owns 375,382 shares of the company’s stock worth $5,229,000 after purchasing an additional 3,800 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Talos Energy by 32.8% during the first quarter. State of Alaska Department of Revenue now owns 82,113 shares of the company’s stock valued at $1,143,000 after purchasing an additional 20,282 shares in the last quarter. 89.35% of the stock is owned by hedge funds and other 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.