Talos Energy (NYSE:TALO) Issues Quarterly Earnings Results

Talos Energy (NYSE:TALO) announced its earnings results on Wednesday. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.07, Zacks reports. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%.

Talos Energy Stock Performance

NYSE:TALO traded up $0.09 during mid-day trading on Wednesday, hitting $8.70. 1,850,656 shares of the company’s stock traded hands, compared to its average volume of 1,678,904. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $9.77 and a two-hundred day moving average of $10.53. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 16.11 and a beta of 1.89. Talos Energy has a 12 month low of $8.48 and a 12 month high of $14.67.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TALO shares. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. Stephens decreased their target price on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. JPMorgan Chase & Co. began coverage on shares of Talos Energy in a report on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target on the stock. Citigroup upped their price objective on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Mizuho reduced their price target on Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Talos Energy has a consensus rating of “Moderate Buy” and a consensus target price of $15.83.

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.