Talos Energy (NYSE:TALO) Announces Quarterly Earnings Results

Talos Energy (NYSE:TALO) released its earnings results on Monday. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07), Briefing.com reports. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The firm had revenue of $509.29 million during the quarter, compared to analysts’ expectations of $504.44 million. During the same quarter last year, the business earned $0.14 EPS. The business’s revenue was up 32.9% compared to the same quarter last year.

Talos Energy Stock Down 1.7 %

NYSE TALO traded down $0.20 during trading hours on Wednesday, hitting $11.77. 798,797 shares of the company were exchanged, compared to its average volume of 2,133,524. The company has a 50 day moving average of $10.75 and a two-hundred day moving average of $11.36. The company has a quick ratio of 0.80, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy has a 52-week low of $9.44 and a 52-week high of $15.17. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 21.50 and a beta of 1.92.

Insiders Place Their Bets

In other Talos Energy news, insider Control Empresarial De Capital acquired 323,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $10.84 per share, for a total transaction of $3,501,320.00. Following the acquisition, the insider now owns 42,858,904 shares in the company, valued at $464,590,519.36. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 1,220,000 shares of company stock worth $13,135,560 in the last quarter. 0.77% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on TALO shares. BMO Capital Markets dropped their price target on Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. The Goldman Sachs Group began coverage on Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. Mizuho began coverage on Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price target on the stock. KeyCorp decreased their price target on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.65.

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.