Talos Energy (NYSE:TALO) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

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. The company had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS.

Talos Energy Stock Down 1.7 %

Talos Energy stock traded down $0.20 during midday trading on Wednesday, reaching $11.77. The company’s stock had a trading volume of 798,797 shares, compared to its average volume of 2,133,524. The stock’s 50-day simple moving average is $10.75 and its 200-day simple moving average is $11.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.80. Talos Energy has a 52-week low of $9.44 and a 52-week high of $15.17. The stock has a market capitalization of $2.12 billion, a P/E ratio of 21.50 and a beta of 1.92.

Analyst Upgrades and Downgrades

Several brokerages have commented on TALO. BMO Capital Markets cut their price objective on Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Benchmark reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Tuesday. Mizuho began coverage on Talos Energy in a research report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective on the stock. KeyCorp cut their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group began coverage on Talos Energy in a research report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective on the stock. 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.

Insider Transactions at Talos Energy

In other news, insider Control Empresarial De Capital acquired 323,000 shares of Talos Energy stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $10.84 per share, for a total transaction of $3,501,320.00. Following the completion of the purchase, the insider now directly owns 42,858,904 shares in the company, valued at $464,590,519.36. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 1,220,000 shares of company stock worth $13,135,560 over the last three months. 0.77% of the stock is currently owned by insiders.

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.