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

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

Several other equities analysts also recently commented on TALO. KeyCorp decreased their price target on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. JPMorgan Chase & Co. began coverage on shares of Talos Energy in a report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target on the stock. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. BMO Capital Markets dropped their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Finally, Citigroup upped their price target 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.28.

Talos Energy Stock Down 1.4 %

Shares of NYSE:TALO opened at $9.83 on Monday. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 18.19 and a beta of 1.92. The company has a 50 day moving average of $10.72 and a 200-day moving average of $11.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. Talos Energy has a one year low of $9.44 and a one year high of $14.77.

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

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital acquired 100,000 shares of Talos Energy stock in a transaction dated Friday, September 27th. The stock was purchased at an average cost of $10.31 per share, for a total transaction of $1,031,000.00. Following the completion of the purchase, the insider now directly owns 43,545,604 shares in the company, valued at $448,955,177.24. This trade represents a 0.23 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is owned by corporate insiders.

Institutional Trading of Talos Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in shares of Talos Energy by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,546,942 shares of the company’s stock valued at $79,545,000 after purchasing an additional 179,181 shares during the last quarter. Philosophy Capital Management LLC boosted its position in shares of Talos Energy by 37.8% during the 3rd quarter. Philosophy Capital Management LLC now owns 3,065,514 shares of the company’s stock worth $31,728,000 after acquiring an additional 841,414 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Talos Energy by 26.2% in the 2nd quarter. American Century Companies Inc. now owns 2,982,351 shares of the company’s stock valued at $36,236,000 after purchasing an additional 619,169 shares during the period. HITE Hedge Asset Management LLC lifted its position in Talos Energy by 78.0% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company’s stock worth $30,939,000 after acquiring an additional 1,116,241 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Talos Energy by 1,557.7% during the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock worth $22,292,000 after acquiring an additional 1,724,014 shares during the period. 89.35% of the stock is currently 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.