Talos Energy FY2024 EPS Forecast Reduced by Roth Capital

Talos Energy Inc. (NYSE:TALO) – Research analysts at Roth Capital cut their FY2024 earnings per share (EPS) estimates for shares of Talos Energy in a research report issued on Monday, February 3rd. Roth Capital analyst L. Mariani now forecasts that the company will post earnings of ($0.47) per share for the year, down from their previous forecast of ($0.45). The consensus estimate for Talos Energy’s current full-year earnings is ($0.37) per share. Roth Capital also issued estimates for Talos Energy’s Q4 2024 earnings at ($0.11) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.19) EPS, Q3 2025 earnings at ($0.26) EPS and FY2025 earnings at ($0.71) EPS.

A number of other research analysts also recently commented on TALO. Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Talos Energy in a research report on Tuesday, November 12th. Citigroup boosted their price target on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. KeyCorp cut their price objective on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Stephens decreased their target price on Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. started coverage on Talos Energy in a report on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.83.

Talos Energy Stock Down 1.3 %

TALO stock opened at $9.46 on Wednesday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 17.52 and a beta of 1.89. Talos Energy has a twelve month low of $8.89 and a twelve month high of $14.67. The business has a 50 day moving average price of $10.09 and a two-hundred day moving average price of $10.74. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

Talos Energy (NYSE:TALO) last announced its earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The firm had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The firm’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 EPS.

Institutional Investors Weigh In On Talos Energy

Several institutional investors have recently made changes to their positions in TALO. Virtus Investment Advisers Inc. acquired a new position in shares of Talos Energy during the third quarter worth $31,000. US Bancorp DE raised its stake in Talos Energy by 113.3% during the third quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after buying an additional 1,827 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Talos Energy in the 3rd quarter valued at about $75,000. KBC Group NV boosted its holdings in shares of Talos Energy by 46.1% during the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock worth $77,000 after buying an additional 2,515 shares in the last quarter. Finally, FMR LLC grew its holdings in Talos Energy by 119.2% in the third quarter. FMR LLC now owns 10,395 shares of the company’s stock worth $108,000 after purchasing an additional 5,653 shares during the period. 89.35% of the stock is currently owned by institutional investors.

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.