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

Talos Energy (NYSE:TALO) announced its earnings results on Monday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07), Briefing.com reports. The company had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm’s revenue for the quarter was up 32.9% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share.

Talos Energy Stock Performance

Shares of NYSE TALO opened at $11.79 on Thursday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 21.82 and a beta of 1.92. The business’s 50-day simple moving average is $10.77 and its 200-day simple moving average is $11.36. 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 52 week low of $9.44 and a 52 week high of $15.17.

Insider Buying and Selling at Talos Energy

In other Talos Energy news, insider Control Empresarial De Capital bought 100,000 shares of the stock in a transaction on Friday, September 27th. The shares were purchased at an average price of $10.31 per share, with a total value of $1,031,000.00. Following the acquisition, the insider now directly owns 43,545,604 shares of the company’s stock, valued at $448,955,177.24. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have acquired 1,220,000 shares of company stock valued at $13,135,560 in the last 90 days. 0.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

TALO has been the topic of a number of recent analyst reports. Mizuho assumed coverage on Talos Energy in a research report on Thursday, September 19th. They set an “outperform” rating and a $16.00 target price on the stock. Benchmark reaffirmed a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Tuesday. BMO Capital Markets dropped their target price 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. KeyCorp dropped their target price 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 target price on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.65.

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.