Talos Energy (NYSE:TALO) Receives New Coverage from Analysts at Mizuho

Analysts at Mizuho initiated coverage on shares of Talos Energy (NYSE:TALO) in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $16.00 price target on the stock. Mizuho’s price objective would suggest a potential upside of 39.98% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Talos Energy in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. Stephens reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a report on Wednesday, July 10th. Finally, Benchmark reissued a “buy” rating and set a $20.00 price target on shares of Talos Energy in a research note on Thursday, August 8th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talos Energy currently has an average rating of “Buy” and an average target price of $19.83.

Talos Energy Stock Performance

NYSE:TALO opened at $11.43 on Thursday. The stock has a 50-day moving average price of $11.43 and a 200 day moving average price of $12.15. The stock has a market capitalization of $2.06 billion, a P/E ratio of 163.29 and a beta of 1.94. Talos Energy has a 12-month low of $9.81 and a 12-month high of $17.09. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53.

Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16. The business 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 company’s revenue was up 49.6% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS. Equities research analysts forecast that Talos Energy will post -0.14 EPS for the current fiscal year.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital acquired 250,000 shares of Talos Energy stock in a transaction on Tuesday, July 30th. The shares were bought at an average cost of $11.40 per share, with a total value of $2,850,000.00. Following the completion of the purchase, the insider now directly owns 38,222,904 shares of the company’s stock, valued at approximately $435,741,105.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders acquired 1,769,000 shares of company stock valued at $19,270,130. Insiders own 0.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TALO. Invesco Senior Secured Management Inc. ADV bought a new stake in shares of Talos Energy in the 1st quarter worth about $77,977,000. Vanguard Group Inc. raised its position in Talos Energy by 23.7% in the 1st quarter. Vanguard Group Inc. now owns 9,793,618 shares of the company’s stock worth $136,425,000 after purchasing an additional 1,873,537 shares during the period. Victory Capital Management Inc. lifted 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 worth $22,292,000 after purchasing an additional 1,724,014 shares during the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of Talos Energy during the second quarter valued at approximately $18,832,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Talos Energy during the second quarter valued at approximately $13,693,000. 89.35% of the stock is owned by hedge funds and other institutional investors.

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.