Talos Energy (NYSE:TALO) Price Target Lowered to $20.00 at Benchmark

Talos Energy (NYSE:TALO) had its price objective decreased by equities research analysts at Benchmark from $23.00 to $20.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price would indicate a potential upside of 56.25% from the company’s previous close.

TALO has been the topic of several other research reports. Stephens reaffirmed an “overweight” rating and set a $26.00 target price on shares of Talos Energy in a research note on Monday, April 22nd. KeyCorp lifted their target price on Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Citigroup initiated coverage on Talos Energy in a research note on Friday, March 22nd. They set a “buy” rating and a $16.50 target price on the stock. TheStreet cut Talos Energy from a “b-” rating to a “c+” rating in a research note on Tuesday, March 19th. Finally, Stifel Nicolaus boosted their price target on Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $20.94.

Talos Energy Price Performance

NYSE TALO opened at $12.80 on Tuesday. The stock’s 50-day moving average price is $13.47 and its two-hundred day moving average price is $13.62. 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 $2.35 billion, a PE ratio of 7.90 and a beta of 1.99. Talos Energy has a 1 year low of $10.69 and a 1 year high of $17.59.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data 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). The company had revenue of $384.96 million for the quarter, compared to analyst estimates of $386.90 million. Talos Energy had a return on equity of 0.76% and a net margin of 12.85%. On average, analysts predict that Talos Energy will post -0.04 EPS for the current year.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital bought 468,729 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $12.77 per share, with a total value of $5,985,669.33. Following the completion of the transaction, the insider now directly 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. Company insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TALO. Dimensional Fund Advisors LP lifted its holdings in shares of Talos Energy by 11.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,287,655 shares of the company’s stock worth $89,474,000 after buying an additional 669,552 shares during the last quarter. Sourcerock Group LLC lifted its holdings in shares of Talos Energy by 9.7% during the third quarter. Sourcerock Group LLC now owns 6,274,940 shares of the company’s stock worth $103,160,000 after buying an additional 552,423 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Talos Energy by 17.2% during the third quarter. Canada Pension Plan Investment Board now owns 3,400,000 shares of the company’s stock worth $55,896,000 after buying an additional 500,000 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Talos Energy by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 7,920,081 shares of the company’s stock worth $112,703,000 after buying an additional 332,489 shares during the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new position in shares of Talos Energy during the fourth quarter worth approximately $4,439,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.