Brokerages Anticipate Talos Energy Inc. (NYSE:TALO) Will Announce Earnings of $0.37 Per Share

Brokerages expect Talos Energy Inc. (NYSE:TALO – Get Rating) to report earnings of $0.37 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Talos Energy’s earnings. Talos Energy posted earnings of ($0.34) per share in the same quarter last year, which would indicate a positive year over year growth rate of 208.8%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Talos Energy will report full year earnings of $3.48 per share for the current fiscal year. For the next year, analysts expect that the company will report earnings of $5.20 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Talos Energy.

Talos Energy (NYSE:TALO – Get Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.21. Talos Energy had a negative net margin of 14.69% and a negative return on equity of 0.17%. The firm had revenue of $382.96 million for the quarter, compared to analysts’ expectations of $317.10 million.

TALO has been the subject of several research analyst reports. KeyCorp increased their price objective on shares of Talos Energy from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday, April 19th. Zacks Investment Research raised shares of Talos Energy from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, April 13th. Roth Capital upped their target price on Talos Energy from $18.00 to $23.00 in a report on Friday, April 22nd. BMO Capital Markets cut Talos Energy from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $14.00 to $12.50 in a report on Monday, January 10th. Finally, TheStreet upgraded Talos Energy from a “d” rating to a “c” rating in a report on Friday, February 25th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $20.28.

Shares of TALO stock traded up $0.03 during mid-day trading on Wednesday, hitting $19.58. 3,365 shares of the stock traded hands, compared to its average volume of 1,001,213. The stock has a market capitalization of $1.62 billion, a PE ratio of -8.74 and a beta of 2.29. The stock’s fifty day moving average price is $17.13. Talos Energy has a 52-week low of $8.57 and a 52-week high of $20.60. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.57 and a current ratio of 0.57.

In other Talos Energy news, Director Riverstone Energy Partners V, sold 4,000,000 shares of the stock in a transaction dated Tuesday, March 8th. The stock was sold at an average price of $17.41, for a total value of $69,640,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 4,577,019 shares of company stock valued at $81,108,210 over the last 90 days. 0.79% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of TALO. Strs Ohio acquired a new stake in Talos Energy in the 1st quarter valued at about $45,000. Point72 Hong Kong Ltd lifted its stake in Talos Energy by 159.5% during the third quarter. Point72 Hong Kong Ltd now owns 4,687 shares of the company’s stock worth $65,000 after purchasing an additional 2,881 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Talos Energy by 20.5% in the third quarter. Mutual of America Capital Management LLC now owns 5,459 shares of the company’s stock valued at $75,000 after purchasing an additional 929 shares in the last quarter. Royal Bank of Canada boosted its holdings in Talos Energy by 43.4% in the third quarter. Royal Bank of Canada now owns 5,885 shares of the company’s stock valued at $82,000 after purchasing an additional 1,780 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in Talos Energy by 2,305.6% in the third quarter. Meeder Asset Management Inc. now owns 6,038 shares of the company’s stock valued at $85,000 after purchasing an additional 5,787 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors.

Talos Energy Company Profile (Get Rating)

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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