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

Talos Energy (NYSE:TALO)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $20.00 price objective on the stock. Benchmark’s price objective suggests a potential upside of 99.00% from the stock’s previous close.

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

Talos Energy Stock Down 4.4 %

NYSE:TALO opened at $10.05 on Friday. 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 stock has a 50 day moving average of $11.34 and a 200-day moving average of $12.08. The firm has a market capitalization of $1.85 billion, a PE ratio of 143.57 and a beta of 1.94. Talos Energy has a 52 week low of $9.81 and a 52 week high of $17.09.

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

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital bought 306,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $11.50 per share, for a total transaction of $3,519,000.00. Following the completion of the transaction, the insider now directly owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 1,769,000 shares of company stock worth $19,270,130 over the last quarter. 0.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Talos Energy by 23.7% in 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Talos Energy by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock worth $79,545,000 after buying an additional 179,181 shares during the last quarter. Invesco Senior Secured Management Inc. ADV bought a new position in shares of Talos Energy in the first quarter valued at $77,977,000. American Century Companies Inc. lifted its position in shares of Talos Energy by 26.2% during the 2nd 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 lifted its position 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 valued at $30,939,000 after acquiring an additional 1,116,241 shares during the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Company Profile

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.