Talos Energy (NYSE:TALO) Announces Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Talos Energy (NYSE:TALO) released its quarterly earnings data on Monday. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07), Briefing.com reports. The business had revenue of $509.29 million for the quarter, compared to analyst estimates of $504.44 million. Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. Talos Energy’s revenue was up 32.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS.

Talos Energy Price Performance

NYSE:TALO traded down $0.19 during trading hours on Wednesday, reaching $11.79. 2,338,005 shares of the company’s stock were exchanged, compared to its average volume of 2,140,520. The company has a market capitalization of $2.12 billion, a P/E ratio of 21.82 and a beta of 1.92. Talos Energy has a 12 month low of $9.44 and a 12 month high of $15.17. The company has a quick ratio of 0.80, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The business’s 50-day simple moving average is $10.77 and its two-hundred day simple moving average is $11.36.

Analysts Set New Price Targets

Several research analysts have commented on TALO shares. Benchmark restated a “buy” rating and issued a $20.00 target price on shares of Talos Energy in a research report on Tuesday. The Goldman Sachs Group began coverage on shares of Talos Energy in a report on Monday, July 22nd. They issued a “buy” rating and a $14.00 price objective for the company. BMO Capital Markets decreased their price objective on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, October 4th. KeyCorp decreased their price objective on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Mizuho began coverage on shares of Talos Energy in a report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective for the company. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Talos Energy presently has an average rating of “Moderate Buy” and a consensus target price of $18.65.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital purchased 547,000 shares of Talos Energy stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average price of $10.92 per share, for a total transaction of $5,973,240.00. Following the transaction, the insider now owns 40,685,904 shares in the company, valued at $444,290,071.68. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders acquired 1,220,000 shares of company stock worth $13,135,560. Corporate 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.