Talos Energy FY2024 EPS Estimate Reduced by Roth Capital

Talos Energy Inc. (NYSE:TALO) – Roth Capital cut their FY2024 earnings per share (EPS) estimates for Talos Energy in a research note issued to investors on Monday, February 3rd. Roth Capital analyst L. Mariani now forecasts that the company will post earnings of ($0.47) per share for the year, down from their previous estimate of ($0.45). The consensus estimate for Talos Energy’s current full-year earnings is ($0.37) per share. Roth Capital also issued estimates for Talos Energy’s Q4 2024 earnings at ($0.11) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.19) EPS, Q3 2025 earnings at ($0.26) EPS and FY2025 earnings at ($0.71) EPS.

Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The business had revenue of $509.29 million during the quarter, compared to analyst estimates of $504.44 million. During the same period last year, the firm posted $0.14 earnings per share. Talos Energy’s quarterly revenue was up 32.9% compared to the same quarter last year.

A number of other equities analysts have also weighed in on TALO. Citigroup upped their target price on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. KeyCorp decreased their price target on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and set a $20.00 price target on shares of Talos Energy in a report on Tuesday, November 12th. JPMorgan Chase & Co. initiated coverage on Talos Energy in a report on Thursday, December 5th. They set a “neutral” rating and a $12.00 price target for the company. Finally, Stephens reiterated an “overweight” rating and set a $21.00 price target on shares of Talos Energy in a report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.94.

Talos Energy Price Performance

Shares of NYSE:TALO opened at $9.60 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. Talos Energy has a twelve month low of $8.89 and a twelve month high of $14.67. The stock’s 50 day moving average is $10.12 and its 200-day moving average is $10.75. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 17.77 and a beta of 1.89.

Institutional Trading of Talos Energy

Large investors have recently modified their holdings of the business. AQR Capital Management LLC purchased a new position in Talos Energy in the second quarter worth $608,000. The Manufacturers Life Insurance Company increased its position in shares of Talos Energy by 26.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 80,571 shares of the company’s stock valued at $979,000 after purchasing an additional 17,004 shares during the last quarter. Creative Planning raised its holdings in shares of Talos Energy by 47.1% during the 2nd quarter. Creative Planning now owns 29,083 shares of the company’s stock valued at $353,000 after buying an additional 9,315 shares in the last quarter. Regent Peak Wealth Advisors LLC bought a new stake in Talos Energy in the 3rd quarter worth approximately $118,000. Finally, Everence Capital Management Inc. boosted its stake in Talos Energy by 8.6% in the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company’s stock worth $228,000 after buying an additional 1,740 shares in the last quarter. Institutional investors own 89.35% of the company’s stock.

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.