Talos Energy (NYSE:TALO) Earns Neutral Rating from 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 stock analysts at Mizuho in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $11.00 price target on the stock. Mizuho's target price would indicate a potential upside of 14.23% from the stock's current price.

TALO has been the topic of a number of other research reports. Capital One Financial began coverage on Talos Energy in a research note on Monday, June 16th. They set an "overweight" rating and a $14.00 target price on the stock. Wall Street Zen cut Talos Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Talos Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.25.

Talos Energy Trading Down 1.3%

TALO opened at $9.63 on Monday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -9.93 and a beta of 0.79. The stock's 50 day moving average price is $8.85 and its 200-day moving average price is $8.45. Talos Energy has a one year low of $6.23 and a one year high of $12.71. 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 (NYSE:TALO - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.27) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.06. The firm had revenue of $424.72 million for the quarter, compared to analysts' expectations of $443.53 million. Talos Energy had a negative return on equity of 2.34% and a negative net margin of 8.91%.The company's quarterly revenue was down 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. On average, equities analysts forecast that Talos Energy will post -0.44 EPS for the current year.

Insider Transactions at Talos Energy

In related news, Director Paula R. Glover sold 6,159 shares of the 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 legal filing with the SEC, which is available at the SEC website. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TALO. Balyasny Asset Management L.P. grew its stake in Talos Energy by 94.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 21,394 shares of the company's stock worth $208,000 after purchasing an additional 10,366 shares in the last quarter. Deutsche Bank AG lifted its holdings in Talos Energy by 48.4% during the fourth quarter. Deutsche Bank AG now owns 126,388 shares of the company's stock worth $1,227,000 after buying an additional 41,203 shares during the period. Gotham Asset Management LLC purchased a new stake in Talos Energy during the fourth quarter worth $127,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Talos Energy by 1.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,413 shares of the company's stock worth $800,000 after buying an additional 1,403 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Talos Energy by 42.3% during the fourth quarter. ProShare Advisors LLC now owns 43,276 shares of the company's stock worth $420,000 after buying an additional 12,866 shares during the period. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.