Analysts Offer Predictions for Talos Energy Inc’s Q1 2019 Earnings (TALO)

Talos Energy Inc (NYSE:TALO) – Research analysts at Capital One Financial decreased their Q1 2019 earnings estimates for Talos Energy in a research report issued on Tuesday, November 6th. Capital One Financial analyst R. Tullis now forecasts that the company will post earnings of $0.46 per share for the quarter, down from their prior forecast of $0.49. Capital One Financial currently has a “Overweight” rating and a $45.00 target price on the stock. Capital One Financial also issued estimates for Talos Energy’s Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.02 EPS, Q4 2019 earnings at $1.28 EPS and FY2019 earnings at $4.03 EPS.

Several other equities analysts have also recently weighed in on TALO. Zacks Investment Research cut Talos Energy from a “buy” rating to a “strong sell” rating in a research report on Wednesday. ValuEngine cut Talos Energy from a “hold” rating to a “sell” rating in a research report on Sunday, October 28th. Roth Capital assumed coverage on Talos Energy in a research report on Tuesday, October 16th. They issued a “buy” rating and a $48.00 price target for the company. Northland Securities assumed coverage on Talos Energy in a research report on Monday, October 22nd. They issued an “outperform” rating and a $45.00 price target for the company. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Talos Energy in a research report on Monday, August 27th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $42.00.

Shares of NYSE TALO opened at $23.52 on Thursday. The firm has a market capitalization of $1.39 billion, a PE ratio of 59.51 and a beta of 1.58. Talos Energy has a fifty-two week low of $23.44 and a fifty-two week high of $37.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.96 and a quick ratio of 2.96.

Talos Energy (NYSE:TALO) last issued its earnings results on Monday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.69). The firm had revenue of $282.87 million during the quarter, compared to the consensus estimate of $279.40 million. Talos Energy had a negative net margin of 4.09% and a negative return on equity of 3.76%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Apollo Management Holdings L.P. purchased a new position in Talos Energy during the second quarter worth about $616,621,000. Riverstone Holdings LLC purchased a new position in Talos Energy during the second quarter worth about $479,594,000. Mackay Shields LLC purchased a new position in Talos Energy during the second quarter worth about $128,094,000. BlackRock Inc. purchased a new position in Talos Energy during the second quarter worth about $43,277,000. Finally, Dimensional Fund Advisors LP purchased a new position in Talos Energy during the second quarter worth about $19,872,000. Institutional investors own 99.56% of the company’s stock.

About Talos Energy

Talos Energy Inc, an independent oil and gas company, focuses on the offshore exploration and production in the United States Gulf of Mexico and the shallow waters off the coast of Mexico. The company is headquartered in Houston, Texas.

See Also: Float

Earnings History and Estimates for Talos Energy (NYSE:TALO)

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