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

Talos Energy (NYSE:TALO) had its price objective lifted by Mizuho from $14.00 to $15.00 in a research report report published on Tuesday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

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

Talos Energy Price Performance

Talos Energy stock opened at $14.66 on Tuesday. The stock’s 50 day moving average is $12.52 and its 200 day moving average is $11.08. Talos Energy has a one year low of $6.23 and a one year high of $14.84. The firm has a market cap of $2.47 billion, a P/E ratio of -5.16 and a beta of 0.54. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.30 and a quick ratio of 1.30.

Talos Energy (NYSE:TALO) last released its earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. 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 prior year, the company posted $0.08 EPS. The business’s revenue for the quarter was down 19.2% compared to the same quarter last year. As a group, research analysts expect that Talos Energy will post -0.44 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TALO. Royal Bank of Canada grew its holdings in Talos Energy by 11.8% during the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after buying an additional 3,007 shares in the last quarter. AQR Capital Management LLC lifted its stake in Talos Energy by 152.1% during the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock valued at $884,000 after acquiring an additional 54,854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Talos Energy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock worth $838,000 after acquiring an additional 3,783 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Talos Energy by 16.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after acquiring an additional 304,205 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Talos Energy by 34.8% in the 2nd quarter. Bank of Montreal Can now owns 26,387 shares of the company’s stock worth $224,000 after acquiring an additional 6,806 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

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.