Talos Energy (NYSE:TALO) Announces Quarterly Earnings Results

Talos Energy (NYSE:TALO) released its quarterly earnings results on Wednesday. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16, Briefing.com reports. Talos Energy had a negative return on equity of 0.16% and a negative net margin of 0.96%. The firm had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. During the same quarter in the previous year, the company posted $0.06 EPS. The business’s revenue was up 49.6% on a year-over-year basis.

Talos Energy Stock Down 3.4 %

Talos Energy stock traded down $0.41 during midday trading on Friday, reaching $11.65. The stock had a trading volume of 3,096,981 shares, compared to its average volume of 2,071,761. The company has a fifty day moving average price of $11.36 and a two-hundred day moving average price of $12.43. Talos Energy has a 12 month low of $9.81 and a 12 month high of $17.59. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $2.14 billion, a P/E ratio of 166.43 and a beta of 1.95.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital acquired 150,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average price of $11.51 per share, for a total transaction of $1,726,500.00. Following the completion of the acquisition, the insider now directly owns 36,072,904 shares in the company, valued at approximately $415,199,125.04. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have bought 1,549,000 shares of company stock worth $17,058,070. Corporate insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on TALO shares. Benchmark reiterated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a report on Thursday. Stifel Nicolaus increased their price objective on shares of Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Stephens restated an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a report on Wednesday, July 10th. The Goldman Sachs Group initiated coverage on Talos Energy in a research report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective for the company. Finally, KeyCorp upped their target price on Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $20.17.

About Talos Energy

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.