Talos Energy (NYSE:TALO) Issues Earnings Results, Beats Estimates By $0.22 EPS

Talos Energy (NYSE:TALO) issued its earnings results on Wednesday. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.03 by $0.22, Bloomberg Earnings reports. Talos Energy had a return on equity of 16.17% and a net margin of 30.24%. The business had revenue of $286.81 million for the quarter, compared to the consensus estimate of $268.23 million.

TALO traded down $0.08 during trading on Friday, hitting $19.93. 265,496 shares of the company’s stock traded hands, compared to its average volume of 258,956. The business’s 50 day moving average is $22.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.56 and a quick ratio of 0.56. Talos Energy has a 12-month low of $14.60 and a 12-month high of $36.46. The firm has a market cap of $994.84 million, a PE ratio of 7.49 and a beta of 1.65.

Several analysts have commented on the company. ValuEngine downgraded Talos Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, June 3rd. Roth Capital set a $45.00 target price on Talos Energy and gave the company a “buy” rating in a research note on Thursday, June 13th. Northland Securities reiterated a “buy” rating and set a $40.00 target price on shares of Talos Energy in a research note on Tuesday, April 16th. Stephens set a $37.00 target price on Talos Energy and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Finally, Zacks Investment Research downgraded Talos Energy from a “hold” rating to a “sell” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company. Talos Energy has a consensus rating of “Buy” and an average price target of $38.17.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Caymus Capital Partners L.P. boosted its stake in shares of Talos Energy by 95.8% in the 2nd quarter. Caymus Capital Partners L.P. now owns 476,587 shares of the company’s stock worth $11,462,000 after buying an additional 233,187 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Talos Energy by 26.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 875,638 shares of the company’s stock worth $14,290,000 after buying an additional 181,910 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Talos Energy by 109.2% in the 2nd quarter. Prudential Financial Inc. now owns 218,415 shares of the company’s stock worth $5,253,000 after buying an additional 114,026 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Talos Energy in the 2nd quarter worth $2,487,000. Finally, 361 Capital LLC purchased a new position in shares of Talos Energy in the 2nd quarter worth $2,223,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

Talos Energy Company Profile

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

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Earnings History for Talos Energy (NYSE:TALO)

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