Wall Street analysts predict that Talos Energy Inc (NYSE:TALO) will announce ($0.33) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Talos Energy’s earnings. The lowest EPS estimate is ($0.39) and the highest is ($0.25). Talos Energy reported earnings of $0.81 per share during the same quarter last year, which indicates a negative year over year growth rate of 140.7%. The firm is scheduled to report its next earnings report on Wednesday, November 4th.
On average, analysts expect that Talos Energy will report full-year earnings of ($0.80) per share for the current financial year, with EPS estimates ranging from ($0.92) to ($0.67). For the next financial year, analysts forecast that the firm will report earnings of ($0.44) per share, with EPS estimates ranging from ($0.83) to $0.26. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Talos Energy.
Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.48) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.53) by $0.05. Talos Energy had a net margin of 12.28% and a return on equity of 8.15%. The business had revenue of $88.87 million during the quarter, compared to analysts’ expectations of $139.88 million.
A number of research firms have commented on TALO. ValuEngine raised Talos Energy from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. MKM Partners began coverage on Talos Energy in a research note on Wednesday, June 24th. They issued a “buy” rating and a $17.00 price target for the company. Northland Securities began coverage on shares of Talos Energy in a research report on Monday, September 14th. They set an “outperform” rating and a $19.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of Talos Energy in a report on Tuesday, July 14th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, KeyCorp cut their target price on shares of Talos Energy from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Talos Energy currently has an average rating of “Buy” and a consensus price target of $15.13.
In other Talos Energy news, insider Robert D. Abendschein acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $8.34 per share, with a total value of $417,000.00. Following the completion of the purchase, the insider now directly owns 95,628 shares of the company’s stock, valued at approximately $797,537.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in TALO. BNP Paribas Arbitrage SA grew its stake 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. Comerica Bank increased its stake in Talos Energy by 7.9% during the 2nd quarter. Comerica Bank now owns 20,975 shares of the company’s stock valued at $174,000 after purchasing an additional 1,533 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Talos Energy by 9.7% in the first quarter. Alliancebernstein L.P. now owns 28,773 shares of the company’s stock worth $165,000 after buying an additional 2,550 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Talos Energy by 2.7% in the second quarter. Prudential Financial Inc. now owns 108,485 shares of the company’s stock worth $998,000 after buying an additional 2,840 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Talos Energy by 48.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,089 shares of the company’s stock valued at $58,000 after buying an additional 3,291 shares during the last quarter.
Shares of Talos Energy stock traded up $0.25 during trading on Monday, reaching $6.62. 498,122 shares of the stock were exchanged, compared to its average volume of 592,182. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.77. The firm has a market cap of $483.41 million, a price-to-earnings ratio of 3.47 and a beta of 3.23. Talos Energy has a 1 year low of $5.00 and a 1 year high of $31.34. The stock’s fifty day moving average is $6.88 and its 200 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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