Equities research analysts expect that Talos Energy Inc (NYSE:TALO) will announce $203.23 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Talos Energy’s earnings, with estimates ranging from $183.00 million to $235.38 million. Talos Energy posted sales of $228.86 million during the same quarter last year, which suggests a negative year-over-year growth rate of 11.2%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 4th.
According to Zacks, analysts expect that Talos Energy will report full-year sales of $801.94 million for the current financial year, with estimates ranging from $680.00 million to $886.70 million. For the next fiscal year, analysts expect that the business will report sales of $898.78 million, with estimates ranging from $795.72 million to $976.80 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Talos Energy.
Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.48) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.53) by $0.05. The business had revenue of $88.87 million for the quarter, compared to analyst estimates of $139.88 million. Talos Energy had a net margin of 12.28% and a return on equity of 8.15%.
Several research firms recently weighed in on TALO. ValuEngine raised Talos Energy from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Northland Securities started coverage on Talos Energy in a report on Monday, September 14th. They set an “outperform” rating and a $19.00 target price for the company. Stifel Nicolaus assumed coverage on shares of Talos Energy in a research note on Tuesday, July 14th. They issued a “buy” rating and a $17.00 price target on the stock. MKM Partners initiated coverage on shares of Talos Energy in a research note on Wednesday, June 24th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Talos Energy from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $15.13.
In other news, insider Robert D. Abendschein bought 50,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $8.34 per share, for a total transaction of $417,000.00. Following the transaction, the insider now owns 95,628 shares of the company’s stock, valued at $797,537.52. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings in shares of Talos Energy by 17.0% in the first quarter. BNP Paribas Arbitrage SA now owns 8,018 shares of the company’s stock worth $46,000 after acquiring an additional 1,164 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Talos Energy by 48.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,089 shares of the company’s stock valued at $58,000 after purchasing an additional 3,291 shares during the last quarter. Jane Street Group LLC acquired a new stake in Talos Energy in the first quarter valued at approximately $59,000. Bank of Montreal Can grew its stake in shares of Talos Energy by 62.4% during the second quarter. Bank of Montreal Can now owns 9,933 shares of the company’s stock worth $79,000 after buying an additional 3,817 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Talos Energy during the second quarter worth $99,000.
Shares of Talos Energy stock traded up $0.25 on Wednesday, hitting $6.62. The stock had a trading volume of 498,122 shares, compared to its average volume of 592,182. The stock has a market cap of $483.41 million, a price-to-earnings ratio of 3.47 and a beta of 3.23. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.77. Talos Energy has a twelve month low of $5.00 and a twelve month high of $31.34. The business’s 50 day moving average is $6.88 and its two-hundred day moving average is $8.67.
About Talos Energy
Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.
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