Mizuho Raises Talos Energy (NYSE:TALO) Price Target to $15.00

Talos Energy (NYSE:TALO) had its price objective increased by equities researchers at Mizuho from $14.00 to $15.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target would indicate a potential upside of 7.41% from the company’s previous close.

Several other equities analysts have also recently issued reports on TALO. Citigroup boosted their price objective on Talos Energy from $14.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Wall Street Zen cut shares of Talos Energy from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. KeyCorp lifted their target price on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a report on Friday, December 5th. Finally, Benchmark downgraded shares of Talos Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Talos Energy has a consensus rating of “Hold” and an average target price of $14.63.

Talos Energy Stock Performance

TALO traded up $0.34 during trading on Tuesday, reaching $13.97. 922,817 shares of the company’s stock were exchanged, compared to its average volume of 2,115,837. Talos Energy has a 1 year low of $6.23 and a 1 year high of $14.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $2.35 billion, a P/E ratio of -4.92 and a beta of 0.54. The company’s fifty day simple moving average is $12.30 and its 200-day simple moving average is $11.00.

Talos Energy (NYSE:TALO) last issued its earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The business had revenue of $392.24 million for the quarter, compared to analysts’ expectations of $431.22 million. During the same period last year, the business earned $0.08 EPS. The company’s revenue for the quarter was down 19.2% on a year-over-year basis. As a group, research analysts predict that Talos Energy will post -0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtus Fixed Income Advisers LLC acquired a new position in Talos Energy during the second quarter worth $25,000. Larson Financial Group LLC raised its stake in Talos Energy by 142.9% during the third 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 raised its stake in Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after purchasing an additional 2,123 shares during the period. Quarry LP acquired a new position in Talos Energy in the 3rd quarter valued at about $36,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Talos Energy by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares during the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Company Profile

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.