Talos Energy (NYSE:TALO) Given New $14.00 Price Target at Mizuho

Talos Energy (NYSE:TALO - Free Report) had its price target cut by Mizuho from $16.00 to $14.00 in a research report report published on Monday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the stock. Citigroup raised their price target on shares of Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a research report on Thursday, November 14th. KeyCorp cut their target price on Talos Energy from $21.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Benchmark reaffirmed a "buy" rating and set a $20.00 price target on shares of Talos Energy in a research report on Tuesday, November 12th. BMO Capital Markets cut their price objective on Talos Energy from $14.00 to $13.00 and set a "market perform" rating on the stock in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. began coverage on Talos Energy in a research report on Thursday, December 5th. They set a "neutral" rating and a $12.00 target price for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $16.28.

Talos Energy Stock Down 1.4 %

TALO stock traded down $0.14 during mid-day trading on Monday, reaching $9.83. 2,792,478 shares of the company traded hands, compared to its average volume of 2,078,872. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The firm's 50 day moving average price is $10.75 and its 200 day moving average price is $11.12. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 18.31 and a beta of 1.92. Talos Energy has a fifty-two week low of $9.44 and a fifty-two week high of $14.77.

Talos Energy (NYSE:TALO - Get Free Report) last announced its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $509.29 million for the quarter, compared to analysts' expectations of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The firm's quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. As a group, equities research analysts predict that Talos Energy will post -0.35 EPS for the current fiscal year.

Insider Buying and Selling at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital bought 250,000 shares of Talos Energy stock in a transaction that occurred on Wednesday, September 25th. The stock was acquired at an average cost of $10.52 per share, for a total transaction of $2,630,000.00. Following the completion of the transaction, the insider now directly owns 43,108,904 shares in the company, valued at $453,505,670.08. This represents a 0.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.77% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. increased its holdings in shares of Talos Energy by 1,557.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company's stock worth $22,292,000 after buying an additional 1,724,014 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in Talos Energy in the second quarter valued at $18,832,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Talos Energy during the second quarter valued at about $13,693,000. HITE Hedge Asset Management LLC lifted its stake in Talos Energy by 78.0% during the second quarter. HITE Hedge Asset Management LLC now owns 2,546,425 shares of the company's stock worth $30,939,000 after purchasing an additional 1,116,241 shares during the last quarter. Finally, Bridgewater Associates LP purchased a new position in shares of Talos Energy in the 3rd quarter worth about $8,805,000. Hedge funds and other 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.