Talos Energy (NYSE:TALO) Receives "Buy" Rating from Benchmark

Benchmark reiterated their buy rating on shares of Talos Energy (NYSE:TALO - Free Report) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $20.00 price objective on the stock.

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

Talos Energy Stock Up 1.9 %

NYSE:TALO traded up $0.22 during trading hours on Tuesday, hitting $11.99. The stock had a trading volume of 2,987,902 shares, compared to its average volume of 2,136,305. Talos Energy has a 1-year low of $9.44 and a 1-year high of $15.17. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.16 billion, a PE ratio of 392.17 and a beta of 1.92. The business has a 50 day simple moving average of $10.73 and a two-hundred day simple moving average of $11.37.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital bought 100,000 shares of the business's stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of $10.31 per share, for a total transaction of $1,031,000.00. Following the completion of the transaction, the insider now owns 43,545,604 shares of the company's stock, valued at $448,955,177.24. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have bought 1,220,000 shares of company stock worth $13,135,560. Corporate insiders own 0.77% of the company's stock.

Institutional Investors Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. 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 valued at $33,000 after acquiring an additional 917 shares in the last quarter. US Bancorp DE lifted its stake in shares of Talos Energy by 113.3% in the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company's stock valued at $36,000 after purchasing an additional 1,827 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Talos Energy in the 1st quarter valued at $50,000. Nisa Investment Advisors LLC increased its holdings in Talos Energy by 91.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company's stock worth $57,000 after purchasing an additional 2,235 shares during the period. Finally, Sandia Investment Management LP purchased a new position in shares of Talos Energy in the 1st quarter valued at about $70,000. 89.35% of the stock is currently owned by hedge funds and other institutional investors.

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.