Talos Energy (NYSE:TALO) Research Coverage Started at Mizuho

Equities research analysts at Mizuho assumed coverage on shares of Talos Energy (NYSE:TALO) in a research report issued to clients and investors on Thursday, Briefing.com reports. The firm set an “outperform” rating and a $16.00 price target on the stock. Mizuho’s price target indicates a potential upside of 41.09% from the stock’s previous close.

Other analysts also recently issued reports about the stock. The Goldman Sachs Group began coverage on shares of Talos Energy in a research report on Monday, July 22nd. They set a “buy” rating and a $14.00 price objective on the stock. Benchmark restated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Thursday, August 8th. Finally, Stephens reaffirmed an “overweight” rating and issued a $24.00 price objective on shares of Talos Energy in a research note on Wednesday, July 10th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $19.83.

Talos Energy Price Performance

NYSE TALO opened at $11.34 on Thursday. 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 business’s fifty day moving average is $11.44 and its 200 day moving average is $12.15. The company has a market capitalization of $2.09 billion, a PE ratio of 162.00 and a beta of 1.94. Talos Energy has a fifty-two week low of $9.81 and a fifty-two week high of $17.09.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The company had revenue of $549.17 million during the quarter, compared to the consensus estimate of $516.61 million. During the same period in the previous year, the company posted $0.06 EPS. The firm’s revenue was up 49.6% on a year-over-year basis. Sell-side analysts predict that Talos Energy will post -0.14 earnings per share for the current year.

Insider Transactions at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital purchased 250,000 shares of Talos Energy stock in a transaction that occurred on Tuesday, July 30th. The shares were bought at an average price of $11.40 per share, for a total transaction of $2,850,000.00. Following the completion of the transaction, the insider now owns 38,222,904 shares of the company’s stock, valued at approximately $435,741,105.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought 1,769,000 shares of company stock valued at $19,270,130 in the last ninety days. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TALO. Signaturefd LLC increased its position in shares of 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 purchasing an additional 917 shares during the last quarter. Headlands Technologies LLC bought a new position in Talos Energy during the first quarter valued at $50,000. Nisa Investment Advisors LLC raised its stake in shares of Talos Energy by 91.1% in the second quarter. Nisa Investment Advisors LLC now owns 4,689 shares of the company’s stock valued at $57,000 after acquiring an additional 2,235 shares during the period. Sandia Investment Management LP bought a new stake in shares of Talos Energy in the 1st quarter worth about $70,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of 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 acquiring an additional 1,731 shares during the last quarter. 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.