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

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

Other equities analysts have also issued reports about the stock. KeyCorp decreased their target price on shares of Talos Energy from $21.00 to $20.00 and set an overweight rating on the stock in a report on Thursday, January 11th. Stifel Nicolaus reiterated a buy rating and issued a $17.00 target price (down from $20.00) on shares of Talos Energy in a report on Friday, March 22nd. TheStreet lowered shares of Talos Energy from a b- rating to a c+ rating in a report on Tuesday, March 19th. Finally, Citigroup initiated coverage on shares of Talos Energy in a report on Friday, March 22nd. They issued a buy rating and a $16.50 target price on the stock. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $20.19.

Talos Energy Stock Performance

NYSE:TALO opened at $13.56 on Friday. The company’s 50-day moving average price is $13.26 and its 200-day moving average price is $13.89. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.46. The company has a market cap of $2.15 billion, a P/E ratio of 8.37 and a beta of 2.01. Talos Energy has a twelve month low of $10.69 and a twelve month high of $17.59.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.26). The firm had revenue of $384.96 million during the quarter, compared to analyst estimates of $386.90 million. Talos Energy had a net margin of 12.85% and a return on equity of 0.76%. On average, sell-side analysts forecast that Talos Energy will post -0.05 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Control Empresarial De Capital purchased 468,729 shares of Talos Energy stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $12.77 per share, with a total value of $5,985,669.33. Following the purchase, the insider now owns 35,216,510 shares of the company’s stock, valued at $449,714,832.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.79% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

Several large investors have recently added to or reduced their stakes in TALO. BlackRock Inc. increased its stake in Talos Energy by 63.7% during the 2nd quarter. BlackRock Inc. now owns 17,509,525 shares of the company’s stock worth $242,857,000 after buying an additional 6,816,430 shares during the period. State Street Corp increased its stake in Talos Energy by 43.3% during the 2nd quarter. State Street Corp now owns 6,580,572 shares of the company’s stock worth $91,273,000 after buying an additional 1,989,850 shares during the period. Vanguard Group Inc. increased its stake in Talos Energy by 20.3% during the 3rd quarter. Vanguard Group Inc. now owns 6,618,049 shares of the company’s stock worth $110,191,000 after buying an additional 1,114,802 shares during the period. Geode Capital Management LLC increased its stake in Talos Energy by 69.1% during the 2nd quarter. Geode Capital Management LLC now owns 2,127,025 shares of the company’s stock worth $29,502,000 after buying an additional 868,953 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Talos Energy by 78.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,935,308 shares of the company’s stock worth $31,816,000 after buying an additional 853,786 shares during the period. 89.35% of the stock is owned by hedge funds and other institutional investors.

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.