Talos Energy (NYSE:TALO) Price Target Raised to $15.00

Talos Energy (NYSE:TALO) had its target price increased by Mizuho from $14.00 to $15.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s target price points to a potential upside of 7.41% from the stock’s current price.

Several other brokerages have also recently commented on TALO. KeyCorp raised their price target on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research report on Friday, December 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Citigroup lifted their target price on Talos Energy from $14.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Benchmark cut Talos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen lowered Talos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Talos Energy currently has a consensus rating of “Hold” and an average price target of $14.63.

Talos Energy Trading Up 2.5%

NYSE TALO traded up $0.34 on Tuesday, reaching $13.97. The stock had a trading volume of 922,817 shares, compared to its average volume of 2,115,837. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of -4.92 and a beta of 0.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.57. Talos Energy has a 12-month low of $6.23 and a 12-month high of $14.21. The stock has a fifty day moving average price of $12.30 and a two-hundred day moving average price of $11.00.

Talos Energy (NYSE:TALO) last posted its earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The firm had revenue of $392.24 million for the quarter, compared to analyst estimates of $431.22 million. During the same period in the previous year, the company posted $0.08 EPS. Talos Energy’s revenue was down 19.2% on a year-over-year basis. As a group, sell-side analysts forecast that Talos Energy will post -0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Talos Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtus Fixed Income Advisers LLC purchased a new stake in Talos Energy in the second quarter valued at $25,000. Larson Financial Group LLC grew its holdings in shares of Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after purchasing an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Talos Energy by 134.4% during the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after purchasing an additional 2,123 shares in the last quarter. Quarry LP acquired a new stake in shares of Talos Energy during the third quarter worth about $36,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Talos Energy by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock valued at $54,000 after purchasing an additional 1,049 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.