Mizuho Issues Positive Forecast for Talos Energy (NYSE:TALO) Stock Price

Talos Energy (NYSE:TALO) had its price target boosted by Mizuho from $14.00 to $15.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

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

Talos Energy Trading Up 2.4%

NYSE:TALO opened at $13.95 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.30 and a current ratio of 1.30. Talos Energy has a one year low of $6.23 and a one year high of $14.21. The business’s 50-day simple moving average is $12.36 and its 200 day simple moving average is $11.03. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of -4.91 and a beta of 0.54.

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

Institutional Trading of Talos Energy

A number of institutional investors and hedge funds have recently modified their holdings of TALO. Sourcerock Group LLC lifted its position in Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares during the period. Vanguard Group Inc. increased its holdings in Talos Energy by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 9,526,431 shares of the company’s stock valued at $91,358,000 after buying an additional 164,999 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Talos Energy by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,967,001 shares of the company’s stock valued at $98,819,000 after buying an additional 345,765 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Talos Energy by 8.6% in the 3rd quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after buying an additional 455,409 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Talos Energy by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 3,055,968 shares of the company’s stock worth $33,682,000 after acquiring an additional 141,518 shares during the period. 89.35% of the stock is currently owned by institutional investors.

About Talos Energy

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.