Talos Energy (NYSE:TALO) Releases Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Talos Energy (NYSE:TALO) posted its quarterly earnings data on Tuesday. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.17), Briefing.com reports. Talos Energy had a negative return on equity of 6.35% and a negative net margin of 27.77%.The firm had revenue of $392.24 million during the quarter, compared to the consensus estimate of $431.22 million. During the same period in the prior year, the firm posted $0.08 EPS. The firm’s quarterly revenue was down 19.2% on a year-over-year basis.

Talos Energy Trading Up 0.2%

TALO stock traded up $0.03 during mid-day trading on Thursday, reaching $11.36. 788,780 shares of the stock traded hands, compared to its average volume of 1,993,363. Talos Energy has a 52-week low of $6.23 and a 52-week high of $13.85. The stock’s fifty day moving average is $11.77 and its 200-day moving average is $10.60. The company has a market cap of $1.93 billion, a P/E ratio of -4.00 and a beta of 0.58. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51.

Institutional Investors Weigh In On Talos Energy

Several hedge funds have recently made changes to their positions in the company. Xponance LLC acquired a new stake in shares of Talos Energy during the fourth quarter worth approximately $114,000. Envestnet Asset Management Inc. acquired a new position in Talos Energy in the 3rd quarter valued at approximately $113,000. Orion Porfolio Solutions LLC purchased a new stake in Talos Energy in the 2nd quarter worth approximately $101,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Talos Energy in the 3rd quarter worth approximately $96,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Talos Energy during the 2nd quarter valued at $87,000. Hedge funds and other institutional investors own 89.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TALO. Wall Street Zen upgraded shares of Talos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Mizuho lifted their price objective on shares of Talos Energy from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. KeyCorp boosted their target price on shares of Talos Energy from $12.00 to $13.50 and gave the stock an “overweight” rating in a report on Friday, December 5th. Citigroup raised their target price on shares of Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Talos Energy in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Talos Energy currently has a consensus rating of “Hold” and an average target price of $13.50.

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.