Talos Energy (NYSE:TALO) Stock Price Expected to Rise, Mizuho Analyst Says

Talos Energy (NYSE:TALO) had its price objective boosted by Mizuho from $11.00 to $14.00 in a research report issued on Friday, MarketBeat.com reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price target points to a potential upside of 22.80% from the company’s current price.

A number of other research analysts have also issued reports on TALO. Wall Street Zen upgraded shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 8th. Finally, KeyCorp raised their target price on shares of Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.25.

Talos Energy Price Performance

TALO stock opened at $11.40 on Friday. The stock’s 50 day moving average price is $10.39 and its 200 day moving average price is $9.43. The firm has a market cap of $1.94 billion, a P/E ratio of -5.67 and a beta of 0.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 1.27. Talos Energy has a 1 year low of $6.23 and a 1 year high of $12.19.

Talos Energy (NYSE:TALO) last released its quarterly earnings results on Friday, January 6th. The company reported $0.45 earnings per share for the quarter. Talos Energy had a negative return on equity of 2.76% and a negative net margin of 19.02%.The company had revenue of $382.96 million during the quarter. On average, sell-side analysts expect that Talos Energy will post -0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently bought and sold shares of TALO. Virtus Fixed Income Advisers LLC acquired a new position in Talos Energy in the second quarter valued at $25,000. Larson Financial Group LLC raised its holdings in shares of Talos Energy by 142.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after purchasing an additional 1,942 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after purchasing an additional 2,123 shares in the last quarter. Quarry LP acquired a new position in shares of Talos Energy in the 3rd quarter valued at about $36,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Talos Energy by 22.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after purchasing an additional 1,049 shares during the period. 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.