Talos Energy (TALO) Scheduled to Post 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.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data 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 business had revenue of $549.17 million for the quarter, compared to analyst estimates of $516.61 million. During the same quarter in the prior year, the company earned $0.06 earnings per share. The company’s revenue was up 49.6% on a year-over-year basis. 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 Trading Up 7.1 %

Shares of NYSE:TALO opened at $11.68 on Thursday. Talos Energy has a 52 week low of $9.44 and a 52 week high of $15.17. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.10 billion, a PE ratio of 389.33 and a beta of 1.92. The company’s 50 day moving average is $10.72 and its two-hundred day moving average is $11.42.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital acquired 547,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of $10.92 per share, with a total value of $5,973,240.00. Following the acquisition, the insider now directly owns 40,685,904 shares of the company’s stock, valued at approximately $444,290,071.68. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired 1,220,000 shares of company stock valued at $13,135,560 over the last quarter. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TALO. Stephens restated an “overweight” rating and set a $24.00 price objective on shares of Talos Energy in a research report on Wednesday, July 10th. The Goldman Sachs Group initiated coverage on shares of Talos Energy in a research note on Monday, July 22nd. They set a “buy” rating and a $14.00 price target on the stock. Mizuho assumed coverage on shares of Talos Energy in a research report on Thursday, September 19th. They issued an “outperform” rating and a $16.00 price objective for the company. KeyCorp dropped their price objective on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, BMO Capital Markets dropped their price target on shares of Talos Energy from $14.00 to $13.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.65.

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.