Mizuho Lowers Price Target for Talos Energy (NYSE:TALO) Stock

On December 18, 2024, Mizuho Securities announced a reduction in the price target for Talos Energy (NYSE:TALO) from $16.00 to $14.00. This news was reported by Benzinga, highlighting the adjustment in Mizuho’s expectations for the stock. The brokerage firm maintains an “outperform” rating on Talos Energy, with Mizuho’s new price target suggesting a potential upside of 42.86% based on the company's previous closing price.

Other analysts have also shared their views on Talos Energy recently. Citigroup raised its price target from $12.50 to $14.50 and initiated a “buy” rating on November 14. Meanwhile, JPMorgan Chase & Co. began covering Talos Energy on December 5, giving it a “neutral” rating with a $12.00 price target. Benchmark reaffirmed a “buy” rating with a price target of $20.00 on November 12. In contrast, BMO Capital Markets lowered its target from $14.00 to $13.00, maintaining a “market perform” rating. Additionally, KeyCorp reduced its price target from $21.00 to $16.00, while retaining an “overweight” rating.

Overall, out of the analysts covering Talos Energy, two have assigned a hold rating, while seven analysts recommend buying the stock. According to MarketBeat.com, the consensus rating for Talos Energy is “Moderate Buy,” with an average target price set at $16.28.

Current Stock Performance of Talos Energy

On Monday, shares of Talos Energy opened at $9.80. The company’s market capitalization stands at $1.76 billion, with a P/E ratio of 18.15 and a beta of 1.92. Its quick ratio and current ratio both sit at 0.97, complemented by a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $10.72 and a 200-day moving average of $11.11, with a 52-week low of $9.44 and a 52-week high of $14.77.

Recently, Talos Energy reported its earnings results for the third quarter on November 11. The firm posted an earnings per share (EPS) of ($0.14), falling short of the consensus estimate of ($0.07) by $0.07. Its revenue for the quarter was $509.29 million, slightly surpassing the market expectation of $504.44 million. Talos Energy exhibited a negative return on equity of 1.98% and reported a net margin of 3.95%. However, its revenue showed a year-over-year increase of 32.9%. Analysts anticipate an EPS of -0.35 for the current fiscal year.

Insider Activity

In related insider trading news, Control Empresarial De Capital, an insider, purchased 100,000 shares of Talos Energy on September 27 at a price of $10.31 per share, adding up to a total transaction of approximately $1.031 million. Following this transaction, the insider now owns 43,545,604 shares, valued at around $448.95 million, marking a 0.23% increase in ownership. This transaction was disclosed in a filing with the Securities and Exchange Commission.

Institutional Holdings

Recently, numerous hedge funds have adjusted their positions in Talos Energy. Virtus Investment Advisers Inc. established a new position valued at approximately $31,000 in the third quarter. In the second quarter, Signaturefd LLC raised its holdings by 51.9%, now owning 2,685 shares valued at around $33,000. US Bancorp DE grew its holdings by 113.3% in the third quarter, acquiring 3,440 shares worth approximately $36,000. Additionally, Nisa Investment Advisors LLC increased its position by 91.1%, now owning 4,689 shares worth about $57,000. Notably, Point72 Asia Singapore Pte. Ltd. also acquired a new position worth $75,000 during the third quarter. A significant portion, approximately 89.35%, of Talos Energy's stock is owned by institutional investors and hedge funds.

Company Overview

Talos Energy Inc., headquartered in Houston, Texas, operates through its subsidiaries in the exploration and production of oil, natural gas, and natural gas liquids within the United States and Mexico. The company also focuses on carbon capture and sequestration development. Established in 2011, Talos aims to advance energy solutions in an evolving energy landscape.

Talos, Mizuho, Stock