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

Talos Energy (NYSE:TALO) had its target price increased by Mizuho from $11.00 to $14.00 in a report issued on Friday, Marketbeat reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on TALO. KeyCorp lifted 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a research note on Monday. Finally, Wall Street Zen raised Talos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Four research 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. Based on data from MarketBeat.com, Talos Energy currently has a consensus rating of “Hold” and a consensus target price of $14.25.

Talos Energy Stock Performance

NYSE TALO opened at $11.40 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $10.39 and its two-hundred day moving average is $9.42. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of -5.67 and a beta of 0.55. Talos Energy has a 12-month low of $6.23 and a 12-month high of $12.19.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Friday, January 6th. The company reported $0.45 EPS for the quarter. The firm had revenue of $382.96 million during the quarter. Talos Energy had a negative net margin of 19.02% and a negative return on equity of 2.76%. Research analysts expect that Talos Energy will post -0.44 EPS for the current year.

Hedge Funds Weigh In On Talos Energy

Several large investors have recently added to or reduced their stakes in TALO. Virtus Fixed Income Advisers LLC purchased a new stake in Talos Energy in the 2nd quarter valued at about $25,000. Larson Financial Group LLC grew its holdings in Talos Energy by 142.9% in the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after purchasing an additional 1,942 shares during the period. Smartleaf Asset Management LLC increased its position 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 last quarter. Quarry LP acquired a new position in Talos Energy during the third quarter worth approximately $36,000. Finally, PNC Financial Services Group Inc. raised its stake in Talos Energy by 22.7% during the third 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.