Benchmark Reaffirms “Buy” Rating for Talos Energy (NYSE:TALO)

Benchmark reissued their buy rating on shares of Talos Energy (NYSE:TALO) in a research note released on Thursday morning, Benzinga reports. Benchmark currently has a $20.00 price objective on the stock.

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

Talos Energy Stock Down 3.4 %

Shares of TALO stock traded down $0.41 during mid-day trading on Thursday, hitting $11.65. 3,096,981 shares of the stock traded hands, compared to its average volume of 2,071,761. Talos Energy has a 52-week low of $9.81 and a 52-week high of $17.59. The stock has a market cap of $2.14 billion, a P/E ratio of 166.43 and a beta of 1.95. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.78 and a quick ratio of 0.78. The stock’s fifty day moving average is $11.36 and its two-hundred day moving average is $12.43.

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, topping the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.16% and a negative net margin of 0.96%. The business had revenue of $549.17 million during the quarter, compared to the consensus estimate of $516.61 million. During the same quarter last year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 49.6% on a year-over-year basis. Equities analysts predict that Talos Energy will post -0.11 EPS for the current year.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital bought 343,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average price of $9.99 per share, with a total value of $3,426,570.00. Following the purchase, the insider now owns 39,488,904 shares in the company, valued at $394,494,150.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders purchased 1,549,000 shares of company stock worth $17,058,070. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC boosted its position in Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after purchasing an additional 917 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Talos Energy in the 1st quarter worth about $50,000. Nisa Investment Advisors LLC lifted its position 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 last quarter. Sandia Investment Management LP acquired a new position in Talos Energy during the 1st quarter valued at about $70,000. Finally, Quadrant Capital Group LLC boosted its stake in Talos Energy by 44.3% during the 4th 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 during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

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.