Mizuho Cuts Talos Energy (NYSE:TALO) Price Target to $14.00

Talos Energy (NYSE:TALO) had its price objective trimmed by Mizuho from $16.00 to $14.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on TALO. Citigroup increased their price target on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. KeyCorp reduced their price target on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. BMO Capital Markets dropped their price objective on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Benchmark restated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. began coverage on Talos Energy in a research note on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Talos Energy currently has a consensus rating of “Moderate Buy” and an average price target of $16.28.

Talos Energy Stock Down 2.8 %

Shares of NYSE TALO opened at $9.53 on Monday. Talos Energy has a 52-week low of $9.44 and a 52-week high of $14.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The company’s 50 day moving average price is $10.70 and its 200-day moving average price is $11.09. The company has a market capitalization of $1.72 billion, a P/E ratio of 17.65 and a beta of 1.92.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The firm had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. During the same period last year, the company posted $0.14 EPS. The business’s revenue was up 32.9% compared to the same quarter last year. Equities analysts forecast that Talos Energy will post -0.35 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital bought 100,000 shares of the company’s stock in a transaction on Friday, September 27th. The shares were purchased at an average price of $10.31 per share, with a total value of $1,031,000.00. Following the transaction, the insider now directly owns 43,545,604 shares in the company, valued at $448,955,177.24. This represents a 0.23 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Talos Energy

Institutional investors have recently modified their holdings of the business. Barclays PLC boosted its position in Talos Energy by 21.9% in the third quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock worth $12,149,000 after purchasing an additional 210,687 shares during the last quarter. XTX Topco Ltd raised its stake in shares of Talos Energy by 280.7% during the 3rd quarter. XTX Topco Ltd now owns 46,089 shares of the company’s stock worth $477,000 after purchasing an additional 33,984 shares during the period. Virtus Investment Advisers Inc. purchased a new position in shares of Talos Energy in the 3rd quarter worth about $31,000. Weiss Asset Management LP grew its position in Talos Energy by 103.0% during the third quarter. Weiss Asset Management LP now owns 263,489 shares of the company’s stock valued at $2,727,000 after buying an additional 133,714 shares during the period. Finally, Stifel Financial Corp increased its holdings in Talos Energy by 40.6% during the third quarter. Stifel Financial Corp now owns 107,438 shares of the company’s stock worth $1,112,000 after buying an additional 31,010 shares during the last quarter. 89.35% of the stock is owned by 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.