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

Benchmark reiterated their buy rating on shares of Talos Energy (NYSE:TALO) in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a $20.00 price target on the stock.

Several other research firms have also recently commented on TALO. The Goldman Sachs Group began coverage on Talos Energy in a research note on Monday, July 22nd. They set a buy rating and a $14.00 target price for the company. Stifel Nicolaus raised their target price on Talos Energy from $17.00 to $19.00 and gave the stock a buy rating in a research note on Tuesday, April 23rd. Stephens reaffirmed an overweight rating and set a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. Finally, KeyCorp raised their target price on Talos Energy from $20.00 to $21.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $20.17.

Talos Energy Trading Down 3.4 %

Shares of TALO stock traded down $0.42 on Thursday, hitting $11.65. The company had a trading volume of 3,096,977 shares, compared to its average volume of 2,071,761. The firm has a market cap of $2.14 billion, a P/E ratio of 166.36 and a beta of 1.95. The stock’s 50-day moving average is $11.36 and its two-hundred day moving average is $12.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 0.78. Talos Energy has a twelve month low of $9.81 and a twelve month high of $17.59.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.07. The company had revenue of $549.17 million during the quarter, compared to analysts’ expectations of $516.61 million. Talos Energy had a negative return on equity of 0.16% and a negative net margin of 0.96%. The business’s quarterly revenue was up 49.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, equities research analysts anticipate that Talos Energy will post -0.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital purchased 150,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of $11.51 per share, for a total transaction of $1,726,500.00. Following the completion of the acquisition, the insider now owns 36,072,904 shares in the company, valued at $415,199,125.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have bought 1,549,000 shares of company stock worth $17,058,070. Corporate insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Signaturefd LLC lifted its holdings in shares of Talos Energy by 51.9% in the second 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 bought a new position in shares of Talos Energy in the first quarter valued at approximately $50,000. Nisa Investment Advisors LLC lifted its holdings in shares of Talos Energy by 91.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after purchasing an additional 2,235 shares in the last quarter. Sandia Investment Management LP bought a new position in shares of Talos Energy in the first quarter valued at approximately $70,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Talos Energy by 44.3% in the fourth quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock valued at $80,000 after purchasing an additional 1,731 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.