Talos Energy (TALO) to Release Quarterly Earnings on Monday

Talos Energy (NYSE:TALO) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Talos Energy (NYSE:TALO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The business had revenue of $549.17 million during the quarter, compared to analysts’ expectations of $516.61 million. During the same quarter last year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 49.6% on a year-over-year basis. On average, analysts expect Talos Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Talos Energy Stock Down 0.1 %

Shares of NYSE TALO opened at $11.82 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.80 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 company has a market capitalization of $2.13 billion, a PE ratio of 394.00 and a beta of 1.92. The firm’s 50-day moving average is $10.72 and its two-hundred day moving average is $11.41.

Analyst Ratings Changes

TALO has been the topic of a number of analyst reports. KeyCorp decreased their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Mizuho initiated coverage on Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 price objective for the company. Benchmark reiterated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Friday, September 27th. The Goldman Sachs Group assumed coverage on shares of Talos Energy in a research note on Monday, July 22nd. They issued a “buy” rating and a $14.00 target price on the stock. Finally, BMO Capital Markets decreased their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.65.

Insider Activity at Talos Energy

In related news, insider Control Empresarial De Capital bought 547,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $10.92 per share, for a total transaction of $5,973,240.00. Following the purchase, the insider now owns 40,685,904 shares in the company, valued at $444,290,071.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders acquired 1,220,000 shares of company stock valued at $13,135,560. Insiders own 0.77% of the company’s stock.

About Talos Energy

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.