Talos Energy’s (TALO) Buy Rating Reaffirmed at Benchmark

Talos Energy (NYSE:TALO)‘s stock had its “buy” rating reissued by stock analysts at Benchmark in a note issued to investors on Tuesday,Benzinga reports. They presently have a $20.00 price target on the stock. Benchmark’s price objective indicates a potential upside of 70.00% from the company’s current price.

Several other brokerages have also issued reports on TALO. The Goldman Sachs Group initiated coverage on shares of Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 price target for the company. Mizuho initiated coverage on Talos Energy in a research report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. KeyCorp dropped their price target on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, BMO Capital Markets decreased their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Talos Energy presently has an average rating of “Moderate Buy” and an average price target of $18.65.

Talos Energy Stock Performance

NYSE TALO opened at $11.77 on Tuesday. The company has a market capitalization of $2.12 billion, a PE ratio of 392.17 and a beta of 1.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. Talos Energy has a 52-week low of $9.44 and a 52-week high of $15.17. The company has a 50-day simple moving average of $10.73 and a 200 day simple moving average of $11.37.

Insider Buying and Selling at Talos Energy

In other news, insider Control Empresarial De Capital bought 547,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average price of $10.92 per share, with a total value of $5,973,240.00. Following the acquisition, the insider now owns 40,685,904 shares of the company’s stock, valued at approximately $444,290,071.68. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased 1,220,000 shares of company stock valued at $13,135,560 in the last quarter. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Talos Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new position in Talos Energy in the 3rd quarter worth approximately $429,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Talos Energy by 39.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,569,652 shares of the company’s stock worth $16,245,000 after acquiring an additional 442,620 shares during the last quarter. LMR Partners LLP purchased a new position in Talos Energy in the third quarter worth $188,000. Empowered Funds LLC increased its stake in Talos Energy by 22.4% in the third quarter. Empowered Funds LLC now owns 1,035,071 shares of the company’s stock valued at $10,713,000 after acquiring an additional 189,228 shares during the last quarter. Finally, Entropy Technologies LP lifted its stake in Talos Energy by 101.4% during the third quarter. Entropy Technologies LP now owns 42,149 shares of the company’s stock worth $436,000 after purchasing an additional 21,225 shares during the last quarter. 89.35% of the stock is currently 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.