Talos Energy (TALO) Set to Announce Quarterly Earnings on Monday

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

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, August 7th. The company reported $0.03 earnings per share for the quarter, topping 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 firm had revenue of $549.17 million during the quarter, compared to the consensus estimate of $516.61 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 49.6% compared to the same quarter last year. 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 TALO stock opened at $11.82 on Friday. Talos Energy has a 1 year low of $9.44 and a 1 year high of $15.17. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 0.80. The business’s fifty day moving average is $10.72 and its 200-day moving average is $11.41. The stock has a market cap of $2.13 billion, a PE ratio of 394.00 and a beta of 1.92.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital acquired 547,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average price of $10.92 per share, for a total transaction of $5,973,240.00. Following the acquisition, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 1,220,000 shares of company stock valued at $13,135,560 in the last three months. Company insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TALO shares. Benchmark reiterated a “buy” rating and issued a $20.00 price target on shares of Talos Energy in a research report on Friday, September 27th. KeyCorp dropped their target price on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Mizuho started coverage on shares of Talos Energy in a report on Thursday, September 19th. They set an “outperform” rating and a $16.00 target price for the company. The Goldman Sachs Group began coverage on Talos Energy in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price target on the stock. Finally, BMO Capital Markets cut their price objective on 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.65.

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.