Mizuho Has Lowered Expectations for Talos Energy (NYSE:TALO) Stock Price

Talos Energy (NYSE:TALO) had its price target reduced by Mizuho from $16.00 to $14.00 in a report issued on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

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

Talos Energy Price Performance

NYSE TALO opened at $9.83 on Monday. The stock has a market capitalization of $1.77 billion, a P/E ratio of 18.19 and a beta of 1.92. Talos Energy has a 1 year low of $9.44 and a 1 year high of $14.77. The business’s fifty day moving average is $10.72 and its two-hundred day moving average is $11.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97.

Talos Energy (NYSE:TALO) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate 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 company had revenue of $509.29 million for the quarter, compared to analysts’ expectations of $504.44 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue was up 32.9% on a year-over-year basis. On average, research analysts forecast that Talos Energy will post -0.35 earnings per share for the current fiscal year.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital bought 100,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were bought at an average cost of $10.31 per share, for a total transaction of $1,031,000.00. Following the completion of the acquisition, the insider now owns 43,545,604 shares in the company, valued at approximately $448,955,177.24. This trade represents a 0.23 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtus Investment Advisers Inc. bought a new position in Talos Energy in the third quarter valued at $31,000. Signaturefd LLC lifted its stake in shares of Talos Energy by 51.9% during the 2nd quarter. Signaturefd LLC now owns 2,685 shares of the company’s stock worth $33,000 after buying an additional 917 shares during the last quarter. US Bancorp DE lifted its stake in shares of Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after buying an additional 1,827 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of 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 buying an additional 2,235 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Talos Energy in the 3rd quarter worth about $75,000. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.