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

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

Several other equities analysts have also recently weighed in on TALO. Mizuho began coverage on shares of Talos Energy in a research note on Thursday, September 19th. They set an “outperform” rating and a $16.00 price target for the company. KeyCorp lowered their price target on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. BMO Capital Markets reduced their price objective on shares of 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. Finally, The Goldman Sachs Group initiated coverage on Talos Energy in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective for the company. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Talos Energy presently has an average rating of “Moderate Buy” and a consensus target price of $18.45.

Talos Energy Trading Down 1.1 %

TALO opened at $11.66 on Tuesday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 21.59 and a beta of 1.92. The company has a current ratio of 0.97, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47. Talos Energy has a 12 month low of $9.44 and a 12 month high of $15.17. The firm’s fifty day simple moving average is $10.78 and its 200 day simple moving average is $11.36.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The firm had revenue of $509.29 million during 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 business’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. As a group, research analysts anticipate that Talos Energy will post -0.2 EPS for the current fiscal year.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital bought 100,000 shares of Talos Energy stock in a transaction on Friday, September 27th. The shares were purchased at an average price of $10.31 per share, with a total value of $1,031,000.00. Following the acquisition, the insider now owns 43,545,604 shares in the company, valued at $448,955,177.24. This trade represents a 0.23 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders bought 1,220,000 shares of company stock worth $13,135,560. 0.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mutual of America Capital Management LLC grew its stake in shares of Talos Energy by 32.0% during the first quarter. Mutual of America Capital Management LLC now owns 23,221 shares of the company’s stock worth $323,000 after buying an additional 5,630 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in Talos Energy by 35.9% in the 1st quarter. Texas Permanent School Fund Corp now owns 117,969 shares of the company’s stock worth $1,643,000 after purchasing an additional 31,152 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in Talos Energy by 13.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 76,476 shares of the company’s stock worth $1,065,000 after purchasing an additional 8,826 shares in the last quarter. Swiss National Bank raised its position in Talos Energy by 12.3% in the first quarter. Swiss National Bank now owns 274,500 shares of the company’s stock valued at $3,824,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Talos Energy by 12.8% during the first quarter. Sei Investments Co. now owns 262,335 shares of the company’s stock valued at $3,654,000 after purchasing an additional 29,736 shares in the last quarter. 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.