Talos Energy (NYSE:TALO) Announces Quarterly Earnings Results

Talos Energy (NYSE:TALO) issued its quarterly earnings results on Monday. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $504.44 million. During the same quarter last year, the firm posted $0.14 earnings per share. Talos Energy’s revenue was up 32.9% compared to the same quarter last year.

Talos Energy Trading Down 1.5 %

Shares of TALO stock opened at $11.79 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 0.97. Talos Energy has a 1 year low of $9.44 and a 1 year high of $15.17. The stock has a fifty day moving average of $10.77 and a two-hundred day moving average of $11.36. The firm has a market capitalization of $2.12 billion, a PE ratio of 21.82 and a beta of 1.92.

Insiders Place Their Bets

In other news, insider Control Empresarial De Capital acquired 547,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of $10.92 per share, for a total transaction of $5,973,240.00. Following the completion of the acquisition, the insider now directly owns 40,685,904 shares in the company, valued at $444,290,071.68. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders acquired 1,220,000 shares of company stock worth $13,135,560. 0.77% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.