Talos Energy (NYSE:TALO) Coverage Initiated by Analysts at Mizuho

Mizuho started coverage on shares of Talos Energy (NYSE:TALO) in a report released on Thursday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $16.00 target price on the stock.

Several other equities analysts have also recently weighed in on TALO. The Goldman Sachs Group began coverage on Talos Energy in a research report on Monday, July 22nd. They issued a buy rating and a $14.00 price target for the company. Stephens restated an overweight rating and issued a $24.00 target price on shares of Talos Energy in a research report on Wednesday, July 10th. Finally, Benchmark reiterated a buy rating and issued a $20.00 target price on shares of Talos Energy in a research report on Thursday, August 8th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of Buy and an average target price of $19.83.

Talos Energy Trading Up 1.7 %

Shares of TALO stock opened at $11.52 on Thursday. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 164.57 and a beta of 1.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The company has a 50-day simple moving average of $11.44 and a two-hundred day simple moving average of $12.15. Talos Energy has a 52-week low of $9.81 and a 52-week high of $17.09.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.16. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The company had revenue of $549.17 million during the quarter, compared to analyst estimates of $516.61 million. During the same quarter last year, the business posted $0.06 EPS. Talos Energy’s quarterly revenue was up 49.6% compared to the same quarter last year. Research analysts anticipate that Talos Energy will post -0.14 EPS for the current fiscal year.

Insider Buying and Selling

In other Talos Energy news, insider Control Empresarial De Capital acquired 343,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $9.99 per share, with a total value of $3,426,570.00. Following the completion of the purchase, the insider now directly owns 39,488,904 shares in the company, valued at approximately $394,494,150.96. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have purchased 1,769,000 shares of company stock valued at $19,270,130. 0.77% of the stock is owned by company insiders.

Institutional Trading of Talos Energy

Large investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Talos Energy by 9.4% in the 4th 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 period. BNP Paribas Financial Markets lifted its position in Talos Energy by 38.2% during the fourth quarter. BNP Paribas Financial Markets now owns 95,220 shares of the company’s stock valued at $1,355,000 after purchasing an additional 26,302 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Talos Energy by 11.9% in 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. Quadrant Capital Group LLC boosted its position in Talos Energy by 44.3% in the 4th quarter. Quadrant Capital Group LLC now owns 5,640 shares of the company’s stock worth $80,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in Talos Energy during the fourth quarter worth $317,000. 89.35% of the stock is 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.