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

Talos Energy (NYSE:TALO - Get Free Report)'s stock had its "buy" rating reissued by Benchmark in a research note issued on Friday, Benzinga reports. They presently have a $20.00 target price on the stock. Benchmark's price target indicates a potential upside of 42.10% from the company's previous close.

TALO has been the topic of a number of other reports. TheStreet lowered shares of Talos Energy from a "b-" rating to a "c+" rating in a research note on Tuesday, March 19th. Stifel Nicolaus restated a "buy" rating and issued a $17.00 price target (down previously from $20.00) on shares of Talos Energy in a research note on Friday, March 22nd. Citigroup initiated coverage on shares of Talos Energy in a research note on Friday, March 22nd. They issued a "buy" rating and a $16.50 price target for the company. Finally, KeyCorp dropped their price target on shares of Talos Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, January 11th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $20.19.

Talos Energy Trading Down 0.8 %

Shares of TALO traded down $0.12 during mid-day trading on Friday, reaching $14.08. 1,603,367 shares of the company's stock traded hands, compared to its average volume of 2,146,762. The stock has a market cap of $2.23 billion, a P/E ratio of 8.69 and a beta of 2.01. The stock's 50-day moving average is $13.23 and its two-hundred day moving average is $13.95. Talos Energy has a 12 month low of $10.69 and a 12 month high of $17.59. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.73.

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

Insider Activity

In other news, insider Control Empresarial De Capital purchased 19,658,119 shares of the business's stock in a transaction that occurred on Wednesday, January 17th. The stock was purchased at an average cost of $11.70 per share, with a total value of $229,999,992.30. Following the completion of the acquisition, the insider now directly owns 34,747,781 shares of the company's stock, valued at approximately $406,549,037.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.79% of the company's stock.

Institutional Investors Weigh In On Talos Energy

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in Talos Energy by 37.6% in the third quarter. Public Employees Retirement System of Ohio now owns 1,756 shares of the company's stock valued at $29,000 after buying an additional 480 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Talos Energy by 39.2% in the 1st quarter. US Bancorp DE now owns 2,811 shares of the company's stock valued at $44,000 after purchasing an additional 791 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Talos Energy by 85.6% in the 1st quarter. Captrust Financial Advisors now owns 3,360 shares of the company's stock valued at $53,000 after purchasing an additional 1,550 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Talos Energy by 111.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,253 shares of the company's stock valued at $70,000 after acquiring an additional 2,239 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of 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 acquiring an additional 1,731 shares in the last quarter. Institutional investors and hedge funds own 89.35% of the company's stock.

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.