Talos Energy (NYSE:TALO) Given Neutral Rating at Mizuho

Key Points

• Mizuho reaffirmed Talos Energy's stock rating as "neutral" with a price target of $11.00, suggesting potential upside of 14.23% from its current value.
• Talos Energy has a consensus rating of "Moderate Buy" from analysts, with a target price of $14.25.
• The company's recent earnings report indicated a loss of ($0.27) EPS, which was better than the consensus estimate of ($0.33), despite a 22.7% year-over-year revenue decline.

Talos Energy (NYSE:TALO - Get Free Report)'s stock had its "neutral" rating reaffirmed by Mizuho in a research note issued to investors on Monday, Marketbeat.com reports. They presently have a $11.00 price objective on the stock. Mizuho's price target would suggest a potential upside of 22.43% from the stock's previous close.

A number of other analysts have also weighed in on TALO. Wall Street Zen lowered shares of Talos Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Capital One Financial initiated coverage on Talos Energy in a research report on Monday, June 16th. They issued an "overweight" rating and a $14.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Talos Energy currently has a consensus rating of "Moderate Buy" and an average target price of $14.25.

Talos Energy Stock Down 5.5%

Shares of TALO stock traded down $0.53 on Monday, reaching $8.99. 1,126,834 shares of the company's stock traded hands, compared to its average volume of 2,282,467. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22. Talos Energy has a 12-month low of $6.23 and a 12-month high of $12.71. The business's 50 day moving average price is $8.91 and its two-hundred day moving average price is $8.47. The company has a market capitalization of $1.57 billion, a P/E ratio of -9.27 and a beta of 0.80.

Talos Energy (NYSE:TALO - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.06. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The company had revenue of $424.72 million for the quarter, compared to the consensus estimate of $443.53 million. During the same period in the previous year, the business posted $0.03 EPS. The company's revenue for the quarter was down 22.7% on a year-over-year basis. On average, equities analysts forecast that Talos Energy will post -0.44 earnings per share for the current year.

Insider Activity

In other Talos Energy news, Director Paula R. Glover sold 6,159 shares of Talos Energy stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $9.69, for a total value of $59,680.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Talos Energy

A number of hedge funds have recently added to or reduced their stakes in the company. Comerica Bank raised its stake in shares of Talos Energy by 3.0% during the 1st quarter. Comerica Bank now owns 44,471 shares of the company's stock valued at $432,000 after purchasing an additional 1,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Talos Energy by 1.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,413 shares of the company's stock worth $800,000 after acquiring an additional 1,403 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Talos Energy by 3.9% during the second quarter. New York State Common Retirement Fund now owns 47,254 shares of the company's stock valued at $401,000 after acquiring an additional 1,780 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Talos Energy by 6.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,613 shares of the company's stock valued at $268,000 after purchasing an additional 1,898 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company's stock worth $32,000 after buying an additional 2,123 shares during the period. Institutional investors and hedge funds own 89.35% of the company's stock.

Talos Energy Company Profile

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.