Mizuho Lowers Talos Energy (NYSE:TALO) Price Target to $12.00

Talos Energy (NYSE:TALO) had its price target lowered by Mizuho from $15.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price target would suggest a potential upside of 88.62% from the company’s current price.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. cut their target price 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. Citigroup reduced their price objective on Talos Energy from $14.50 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Finally, Stephens dropped their target price on Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.33.

Talos Energy Stock Performance

Talos Energy stock opened at $6.36 on Monday. Talos Energy has a fifty-two week low of $6.24 and a fifty-two week high of $14.67. The firm’s 50 day simple moving average is $8.91 and its 200-day simple moving average is $9.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $1.15 billion, a P/E ratio of 11.78 and a beta of 1.33.

Institutional Trading of Talos Energy

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in shares of Talos Energy by 21.9% during the 3rd quarter. Barclays PLC now owns 1,173,765 shares of the company’s stock valued at $12,149,000 after purchasing an additional 210,687 shares in the last quarter. Verition Fund Management LLC increased its position in Talos Energy by 250.2% during the third quarter. Verition Fund Management LLC now owns 94,395 shares of the company’s stock worth $977,000 after buying an additional 67,438 shares during the last quarter. SG Americas Securities LLC bought a new position in Talos Energy during the fourth quarter valued at about $592,000. Principal Financial Group Inc. lifted its position in shares of Talos Energy by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 603,337 shares of the company’s stock worth $5,858,000 after buying an additional 15,686 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 36,356 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

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.