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

Talos Energy (NYSE:TALOGet Free Report)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a research report issued on Friday, Benzinga reports. They presently have a $20.00 target price on the stock. Benchmark’s price target would indicate a potential upside of 78.25% from the stock’s current price.

Several other research analysts have also commented on TALO. Stephens cut their price target on shares of Talos Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Tuesday, May 7th. Stifel Nicolaus increased their price target on Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. KeyCorp boosted their price objective on Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Citigroup initiated coverage on Talos Energy in a research report on Friday, March 22nd. They issued a “buy” rating and a $16.50 target price for the company. Finally, TheStreet downgraded Talos Energy from a “b-” rating to a “c+” rating in a report on Tuesday, March 19th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Talos Energy currently has a consensus rating of “Buy” and an average price target of $20.94.

Read Our Latest Research Report on TALO

Talos Energy Stock Down 0.3 %

Shares of TALO opened at $11.22 on Friday. The firm has a market cap of $2.06 billion, a PE ratio of 160.29 and a beta of 1.92. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average is $12.12 and its two-hundred day moving average is $12.92. Talos Energy has a fifty-two week low of $10.10 and a fifty-two week high of $17.59.

Talos Energy (NYSE:TALOGet Free Report) last issued its earnings results on Monday, May 6th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.13. The firm had revenue of $429.93 million for the quarter, compared to analysts’ expectations of $404.00 million. Talos Energy had a negative return on equity of 0.16% and a negative net margin of 0.96%. Analysts forecast that Talos Energy will post -0.03 earnings per share for the current year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital acquired 200,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was purchased at an average price of $11.48 per share, for a total transaction of $2,296,000.00. Following the purchase, the insider now directly owns 36,272,904 shares in the company, valued at $416,412,937.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Talos Energy by 23.7% in the first 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 increased its holdings in shares of Talos Energy by 11.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock valued at $89,474,000 after acquiring an additional 669,552 shares during the last quarter. Invesco Senior Secured Management Inc. ADV bought a new stake in shares of Talos Energy in the 1st quarter valued at approximately $77,977,000. American Century Companies Inc. raised its position in shares of Talos Energy by 18.3% during the 3rd quarter. American Century Companies Inc. now owns 1,389,805 shares of the company’s stock valued at $22,848,000 after acquiring an additional 215,065 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Talos Energy by 9.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,336,779 shares of the company’s stock worth $19,022,000 after purchasing an additional 114,506 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.

About Talos Energy

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Talos Energy (NYSE:TALO)

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