Mizuho Cuts Talos Energy (NYSE:TALO) Price Target to $12.00

Talos Energy (NYSE:TALO) had its price target cut by Mizuho from $15.00 to $12.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective points to a potential upside of 77.25% from the stock’s previous close.

A number of other brokerages have also recently commented on TALO. Citigroup cut their target price on shares of Talos Energy from $14.50 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Stephens decreased their price target on Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Talos Energy from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Talos Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.33.

Talos Energy Stock Down 3.1 %

Shares of Talos Energy stock traded down $0.22 on Monday, reaching $6.77. 1,483,347 shares of the company were exchanged, compared to its average volume of 1,993,080. Talos Energy has a 1-year low of $6.43 and a 1-year high of $14.67. The stock’s 50 day moving average price is $9.12 and its 200-day moving average price is $10.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $1.22 billion, a P/E ratio of 12.34 and a beta of 1.33.

Institutional Investors Weigh In On Talos Energy

Several institutional investors and hedge funds have recently modified their holdings of TALO. Sterling Capital Management LLC grew its position in Talos Energy by 787.0% during the fourth quarter. Sterling Capital Management LLC now owns 4,568 shares of the company’s stock worth $44,000 after buying an additional 4,053 shares in the last quarter. KBC Group NV increased its holdings in shares of Talos Energy by 46.1% in the fourth quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after purchasing an additional 2,515 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Talos Energy by 182.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,884 shares of the company’s stock worth $106,000 after purchasing an additional 7,026 shares during the period. FMR LLC raised its position in shares of Talos Energy by 119.2% during the 3rd quarter. FMR LLC now owns 10,395 shares of the company’s stock valued at $108,000 after acquiring an additional 5,653 shares during the last quarter. Finally, Mariner LLC bought a new position in Talos Energy during the fourth quarter worth about $126,000. Institutional investors and hedge funds own 89.35% of the company’s stock.

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.