Talos Energy (NYSE:TALO) Issues Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Talos Energy (NYSE:TALO) released its quarterly earnings results on Wednesday. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.16, Briefing.com reports. The business had revenue of $549.17 million for the quarter, compared to analysts’ expectations of $516.61 million. Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. The firm’s revenue for the quarter was up 49.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share.

Talos Energy Stock Down 3.4 %

Shares of TALO traded down $0.41 during trading hours on Friday, hitting $11.65. The company had a trading volume of 3,096,981 shares, compared to its average volume of 2,071,761. The firm has a fifty day moving average price of $11.36 and a 200-day moving average price of $12.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 166.43 and a beta of 1.95. Talos Energy has a 52-week low of $9.81 and a 52-week high of $17.59.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Stephens reiterated an “overweight” rating and issued a $24.00 price target on shares of Talos Energy in a report on Wednesday, July 10th. The Goldman Sachs Group assumed coverage on shares of Talos Energy in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Talos Energy from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, April 23rd. Benchmark reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a report on Thursday. Finally, KeyCorp raised their price objective on Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $20.17.

Insider Transactions at Talos Energy

In related news, insider Control Empresarial De Capital purchased 343,000 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $9.99 per share, with a total value of $3,426,570.00. Following the transaction, the insider now directly owns 39,488,904 shares in the company, valued at $394,494,150.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 1,549,000 shares of company stock valued at $17,058,070 in the last quarter. 0.77% of the stock is 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.