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

Talos Energy (NYSE:TALO - Get Free Report) had its price target dropped by investment analysts at Mizuho from $15.00 to $12.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price target points to a potential upside of 67.48% from the stock's previous close.

TALO has been the topic of several other reports. JPMorgan Chase & Co. lowered their price objective on shares of Talos Energy from $14.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Stephens dropped their price objective on Talos Energy from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup dropped their price target on Talos Energy from $14.50 to $12.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $15.33.

Talos Energy Stock Up 4.6 %

TALO traded up $0.32 during trading on Monday, reaching $7.17. 1,889,412 shares of the stock were exchanged, compared to its average volume of 2,014,503. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The stock's 50 day moving average price is $8.72 and its two-hundred day moving average price is $9.84. Talos Energy has a twelve month low of $6.23 and a twelve month high of $14.51. The stock has a market cap of $1.29 billion, a P/E ratio of 13.27 and a beta of 1.33.

Hedge Funds Weigh In On Talos Energy

A number of hedge funds have recently bought and sold shares of the business. FMR LLC grew its position in Talos Energy by 119.2% during the third quarter. FMR LLC now owns 10,395 shares of the company's stock worth $108,000 after buying an additional 5,653 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Talos Energy by 260.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,316 shares of the company's stock worth $521,000 after purchasing an additional 36,356 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Talos Energy by 250.2% in the third quarter. Verition Fund Management LLC now owns 94,395 shares of the company's stock worth $977,000 after purchasing an additional 67,438 shares during the period. Quadrature Capital Ltd acquired a new position in Talos Energy in the third quarter valued at about $329,000. Finally, Stifel Financial Corp lifted its position in Talos Energy by 40.6% during the third quarter. Stifel Financial Corp now owns 107,438 shares of the company's stock worth $1,112,000 after purchasing an additional 31,010 shares during the period. 89.35% of the stock is owned by institutional investors.

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.