Talos Energy (NYSE:TALO – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Thursday, August 4th. Analysts expect Talos Energy to post earnings of $0.97 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
Talos Energy (NYSE:TALO – Get Rating) last released its earnings results on Wednesday, May 4th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.30. The firm had revenue of $413.57 million during the quarter, compared to analyst estimates of $312.21 million. Talos Energy had a negative net margin of 9.19% and a positive return on equity of 12.33%. On average, analysts expect Talos Energy to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Talos Energy Price Performance
Talos Energy stock opened at $17.90 on Thursday. The firm has a 50-day moving average price of $18.36 and a 200-day moving average price of $16.35. The firm has a market capitalization of $1.48 billion, a PE ratio of -11.40 and a beta of 2.34. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.33. Talos Energy has a 12-month low of $8.57 and a 12-month high of $25.49.
Wall Street Analysts Forecast Growth
TALO has been the topic of several recent analyst reports. MKM Partners reaffirmed a “buy” rating and issued a $23.00 price target on shares of Talos Energy in a research note on Wednesday, July 20th. KeyCorp raised their price target on shares of Talos Energy from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, May 26th. Stephens initiated coverage on shares of Talos Energy in a research note on Wednesday, April 13th. They issued an “overweight” rating and a $28.00 price target on the stock. Finally, Roth Capital raised their price target on shares of Talos Energy from $18.00 to $23.00 in a research note on Friday, April 22nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Talos Energy has a consensus rating of “Moderate Buy” and a consensus target price of $20.94.
Insider Buying and Selling at Talos Energy
In other news, Director Riverstone Energy Partners V, sold 100,438 shares of Talos Energy stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $23.65, for a total value of $2,375,358.70. Following the transaction, the director now owns 12,908,470 shares of the company’s stock, valued at approximately $305,285,315.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Riverstone Holdings Llc sold 71,025 shares of Talos Energy stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $22.63, for a total value of $1,607,295.75. Following the transaction, the director now owns 13,295,898 shares of the company’s stock, valued at approximately $300,886,171.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Riverstone Energy Partners V, sold 100,438 shares of Talos Energy stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $23.65, for a total transaction of $2,375,358.70. Following the completion of the transaction, the director now directly owns 12,908,470 shares in the company, valued at approximately $305,285,315.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,285,098 shares of company stock valued at $27,362,061. Company insiders own 0.79% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of TALO. Swiss National Bank boosted its stake in Talos Energy by 8.1% in the 1st quarter. Swiss National Bank now owns 67,800 shares of the company’s stock worth $1,071,000 after purchasing an additional 5,100 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Talos Energy by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 361,491 shares of the company’s stock worth $5,707,000 after purchasing an additional 5,793 shares in the last quarter. US Bancorp DE boosted its stake in Talos Energy by 39.2% in the 1st quarter. US Bancorp DE now owns 2,811 shares of the company’s stock worth $44,000 after purchasing an additional 791 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Talos Energy in the 1st quarter worth approximately $287,000. Finally, Citigroup Inc. boosted its stake in Talos Energy by 29.6% in the 1st quarter. Citigroup Inc. now owns 108,919 shares of the company’s stock worth $1,720,000 after purchasing an additional 24,869 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.
Talos Energy Company Profile
Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2021, the company had proved reserves of 161.59 million barrels of oil equivalent, consisting of 107,764 thousand barrels of crude oil, 236,353 million cubic feet of natural gas, and 14,435 thousand barrels of crude oil.
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