Talos Energy (NYSE:TALO) Posts 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 for the quarter, missing the consensus estimate of ($0.07) by ($0.07), Briefing.com reports. The business 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 company’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share.

Talos Energy Price Performance

Talos Energy stock traded down $0.32 during mid-day trading on Wednesday, hitting $11.65. 603,027 shares of the company were exchanged, compared to its average volume of 2,132,634. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.80. Talos Energy has a 12-month low of $9.44 and a 12-month high of $15.17. The business’s 50 day simple moving average is $10.75 and its two-hundred day simple moving average is $11.36. The company has a market capitalization of $2.10 billion, a P/E ratio of 21.50 and a beta of 1.92.

Insider Activity at Talos Energy

In other news, insider Control Empresarial De Capital acquired 100,000 shares of Talos Energy stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average price of $10.31 per share, with a total value of $1,031,000.00. Following the completion of the purchase, the insider now owns 43,545,604 shares of the company’s stock, valued at approximately $448,955,177.24. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders bought 1,220,000 shares of company stock valued at $13,135,560. 0.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TALO shares. Mizuho began coverage on Talos Energy in a research note on Thursday, September 19th. They issued an “outperform” rating and a $16.00 target price for the company. BMO Capital Markets reduced their target price on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. The Goldman Sachs Group assumed coverage on shares of Talos Energy in a report on Monday, July 22nd. They set a “buy” rating and a $14.00 price target for the company. Benchmark reiterated a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a report on Tuesday. Finally, KeyCorp cut their target price on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.