Benchmark Reiterates Buy Rating for Talos Energy (NYSE:TALO)

Benchmark restated their buy rating on shares of Talos Energy (NYSE:TALO) in a research report sent to investors on Friday, Benzinga reports. Benchmark currently has a $20.00 price objective on the stock.

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

Talos Energy Stock Performance

Shares of TALO opened at $10.35 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 firm’s fifty day simple moving average is $11.28 and its two-hundred day simple moving average is $12.03. Talos Energy has a 12 month low of $9.81 and a 12 month high of $16.99. The stock has a market capitalization of $1.86 billion, a P/E ratio of 147.86 and a beta of 1.94.

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.16. The business 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 0.21% 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. As a group, 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 purchased 343,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $9.99 per share, with a total value of $3,426,570.00. Following the transaction, the insider now owns 39,488,904 shares of the company’s stock, valued at approximately $394,494,150.96. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 2,019,000 shares of company stock valued at $21,900,130 over the last 90 days. Insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently added to or reduced their stakes in TALO. Signaturefd LLC boosted its stake in shares of Talos Energy by 51.9% in the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after buying an additional 917 shares during the last quarter. CIBC Asset Management Inc boosted its position in Talos Energy by 13.8% in the second quarter. CIBC Asset Management Inc now owns 15,195 shares of the company’s stock worth $185,000 after purchasing an additional 1,838 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Talos Energy by 91.1% in the 2nd 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Talos Energy by 7.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,848 shares of the company’s stock valued at $411,000 after purchasing an additional 2,314 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its position in shares of Talos Energy by 23.4% during the 1st quarter. Ameritas Investment Partners Inc. now owns 13,717 shares of the company’s stock valued at $191,000 after purchasing an additional 2,600 shares during the last quarter. 89.35% of the stock is owned by 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.