Talos Energy (NYSE:TALO) Now Covered by Mizuho

Mizuho assumed coverage on shares of Talos Energy (NYSE:TALO) in a research note published on Thursday morning, MarketBeat reports. The brokerage issued an outperform rating and a $16.00 price target on the stock.

A number of other analysts have also recently weighed in on TALO. Benchmark restated a buy rating and set a $20.00 target price on shares of Talos Energy in a report on Thursday, August 8th. The Goldman Sachs Group began coverage on Talos Energy in a research note on Monday, July 22nd. They set a buy rating and a $14.00 price objective for the company. Finally, Stephens reaffirmed an overweight rating and set a $24.00 target price on shares of Talos Energy in a research report on Wednesday, July 10th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of $19.83.

Talos Energy Trading Down 0.4 %

Shares of TALO stock opened at $11.46 on Thursday. The stock has a 50-day simple moving average of $11.42 and a 200 day simple moving average of $12.12. The stock has a market capitalization of $2.11 billion, a P/E ratio of 163.71 and a beta of 1.94. Talos Energy has a fifty-two week low of $9.81 and a fifty-two week high of $17.09. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.16. The company had revenue of $549.17 million during the quarter, compared to analyst estimates of $516.61 million. Talos Energy had a negative net margin of 0.93% and a negative return on equity of 0.21%. The business’s revenue for the quarter was up 49.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. On average, sell-side analysts expect that Talos Energy will post -0.14 earnings per share for the current fiscal year.

Insider Activity

In other Talos Energy news, insider Control Empresarial De Capital acquired 323,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average cost of $10.84 per share, for a total transaction of $3,501,320.00. Following the transaction, the insider now owns 42,858,904 shares of the company’s stock, valued at approximately $464,590,519.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired 1,769,000 shares of company stock worth $19,270,130 over the last quarter. Corporate insiders own 0.77% of the company’s stock.

Institutional Investors Weigh In On Talos Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Senior Secured Management Inc. ADV purchased a new position in shares of Talos Energy during the 1st quarter valued at $77,977,000. Vanguard Group Inc. grew its stake in Talos Energy by 23.7% in the first quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock valued at $136,425,000 after purchasing an additional 1,873,537 shares in the last quarter. Victory Capital Management Inc. grew its stake in Talos Energy by 1,557.7% in the second quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after purchasing an additional 1,724,014 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in Talos Energy in the 2nd quarter worth about $18,832,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Talos Energy during the 2nd quarter worth about $13,693,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

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.