Mizuho Initiates Coverage on Talos Energy (NYSE:TALO)

Mizuho began coverage on shares of Talos Energy (NYSE:TALO) in a research report report published on Thursday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $16.00 price target on the stock.

Several other research analysts also recently issued reports on TALO. Stephens reaffirmed an overweight rating and set a $24.00 price target on shares of Talos Energy in a research note on Wednesday, July 10th. Benchmark reaffirmed a buy rating and set a $20.00 price target on shares of Talos Energy in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group started coverage on Talos Energy in a research note on Monday, July 22nd. They set a buy rating and a $14.00 price target for the company. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $19.83.

Talos Energy Price Performance

Talos Energy stock opened at $11.46 on Thursday. Talos Energy has a one year low of $9.81 and a one year high of $17.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The business has a fifty day moving average of $11.42 and a two-hundred day moving average of $12.12. The company has a market cap of $2.11 billion, a P/E ratio of 163.71 and a beta of 1.94.

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The company had revenue of $549.17 million during the quarter, compared to the consensus estimate of $516.61 million. During the same quarter last year, the company earned $0.06 earnings per share. Talos Energy’s quarterly revenue was up 49.6% compared to the same quarter last year. As a group, analysts predict that Talos Energy will post -0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Talos Energy

In related news, insider Control Empresarial De Capital purchased 306,000 shares of Talos Energy stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $11.50 per share, with a total value of $3,519,000.00. Following the transaction, the insider now owns 38,528,904 shares of the company’s stock, valued at approximately $443,082,396. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 1,769,000 shares of company stock valued at $19,270,130 over the last three months. 0.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Talos Energy

A number of institutional investors have recently made changes to their positions in TALO. Invesco Senior Secured Management Inc. ADV bought a new stake in shares of Talos Energy during the 1st quarter valued at about $77,977,000. Vanguard Group Inc. grew its stake in shares of Talos Energy by 23.7% in the first 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 in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Talos Energy by 1,557.7% during the second quarter. Victory Capital Management Inc. now owns 1,834,694 shares of the company’s stock valued at $22,292,000 after purchasing an additional 1,724,014 shares during the period. Encompass Capital Advisors LLC bought a new stake in shares of Talos Energy during the second quarter valued at about $18,832,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Talos Energy in the 2nd quarter valued at about $13,693,000. 89.35% of the stock is currently owned by institutional investors.

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.