Equities analysts forecast that Talos Energy Inc (NYSE:TALO) will announce sales of $170.23 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Talos Energy’s earnings. The highest sales estimate is $189.00 million and the lowest is $159.70 million. Talos Energy reported sales of $81.38 million during the same quarter last year, which indicates a positive year over year growth rate of 109.2%. The company is scheduled to report its next quarterly earnings results on Monday, May 6th.
On average, analysts expect that Talos Energy will report full-year sales of $896.75 million for the current financial year, with estimates ranging from $854.36 million to $918.10 million. For the next fiscal year, analysts anticipate that the business will post sales of $1.01 billion, with estimates ranging from $971.10 million to $1.09 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Talos Energy.
Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Wednesday, March 13th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.31. Talos Energy had a negative return on equity of 3.76% and a negative net margin of 4.09%. The firm had revenue of $258.66 million during the quarter, compared to the consensus estimate of $230.13 million.
Several equities analysts have recently issued reports on the company. Stephens assumed coverage on Talos Energy in a report on Thursday, December 6th. They issued an “overweight” rating and a $38.00 price objective for the company. Zacks Investment Research upgraded Talos Energy from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 9th. Guggenheim initiated coverage on Talos Energy in a research note on Monday, February 11th. They set a “buy” rating and a $38.00 price objective for the company. Finally, ValuEngine upgraded Talos Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $40.67.
Several hedge funds have recently bought and sold shares of TALO. BlackRock Inc. lifted its holdings in Talos Energy by 6.3% in the third quarter. BlackRock Inc. now owns 1,431,606 shares of the company’s stock valued at $46,986,000 after acquiring an additional 84,679 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Talos Energy by 5.1% in the third quarter. Bank of New York Mellon Corp now owns 301,854 shares of the company’s stock valued at $9,906,000 after acquiring an additional 14,715 shares during the last quarter. Royce & Associates LP lifted its holdings in Talos Energy by 15.1% in the third quarter. Royce & Associates LP now owns 698,179 shares of the company’s stock valued at $22,914,000 after acquiring an additional 91,500 shares during the last quarter. California Public Employees Retirement System acquired a new position in Talos Energy during the second quarter worth $482,000. Finally, Marshall Wace LLP acquired a new position in Talos Energy during the third quarter worth $2,059,000. Institutional investors and hedge funds own 98.48% of the company’s stock.
TALO traded down $0.04 on Friday, reaching $24.81. 575,275 shares of the stock were exchanged, compared to its average volume of 147,419. Talos Energy has a fifty-two week low of $14.60 and a fifty-two week high of $37.64. The stock has a market cap of $1.20 billion, a P/E ratio of 51.70 and a beta of 1.57.
Talos Energy Company Profile
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.
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