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

Talos Energy (NYSE:TALO) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect Talos Energy to post earnings of ($0.07) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Talos Energy (NYSE:TALO) last issued its earnings results on Wednesday, February 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.26). Talos Energy had a net margin of 12.85% and a return on equity of 0.76%. The business had revenue of $384.96 million during the quarter, compared to the consensus estimate of $386.90 million. 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 Up 1.2 %

Talos Energy stock opened at $13.94 on Monday. The company’s 50 day simple moving average is $13.46 and its 200 day simple moving average is $13.77. Talos Energy has a fifty-two week low of $10.69 and a fifty-two week high of $17.59. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 8.60 and a beta of 2.01. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.73.

Insiders Place Their Bets

In related news, insider Control Empresarial De Capital bought 468,729 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of $12.77 per share, for a total transaction of $5,985,669.33. Following the acquisition, the insider now owns 35,216,510 shares of the company’s stock, valued at approximately $449,714,832.70. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TALO. TheStreet lowered shares of Talos Energy from a “b-” rating to a “c+” rating in a research note on Tuesday, March 19th. Stephens reissued an “overweight” rating and set a $26.00 price objective on shares of Talos Energy in a research note on Monday, April 22nd. Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research note on Friday, April 12th. Stifel Nicolaus lifted their price objective on shares of Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Finally, KeyCorp raised their target price on shares of Talos Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talos Energy has an average rating of “Buy” and an average price target of $21.19.

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.