Brokerages forecast that Talos Energy Inc. (NYSE:TALO) will post earnings of ($0.16) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Talos Energy’s earnings, with the lowest EPS estimate coming in at ($0.31) and the highest estimate coming in at ($0.05). Talos Energy posted earnings of $0.27 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 159.3%. The firm is scheduled to report its next earnings report on Wednesday, May 5th.
According to Zacks, analysts expect that Talos Energy will report full year earnings of ($0.92) per share for the current year, with EPS estimates ranging from ($1.44) to ($0.47). For the next year, analysts forecast that the firm will report earnings of ($0.86) per share, with EPS estimates ranging from ($1.43) to ($0.45). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Talos Energy.
Talos Energy (NYSE:TALO) last issued its quarterly earnings results on Tuesday, March 9th. The company reported ($5.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($5.46). Talos Energy had a negative net margin of 5.36% and a positive return on equity of 1.20%.
Separately, Zacks Investment Research raised shares of Talos Energy from a “sell” rating to a “hold” rating in a report on Thursday, February 18th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.57.
In other Talos Energy news, major shareholder Apollo Management Holdings Gp, sold 94,400 shares of the firm’s stock in a transaction dated Friday, March 12th. The shares were sold at an average price of $14.16, for a total value of $1,336,704.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.
Several large investors have recently modified their holdings of TALO. Public Employees Retirement System of Ohio acquired a new stake in shares of Talos Energy during the 3rd quarter worth approximately $61,000. Jane Street Group LLC lifted its stake in Talos Energy by 140.0% in the third quarter. Jane Street Group LLC now owns 11,230 shares of the company’s stock valued at $72,000 after buying an additional 39,311 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Talos Energy by 14.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,253 shares of the company’s stock valued at $76,000 after buying an additional 1,153 shares in the last quarter. Sunbelt Securities Inc. bought a new position in Talos Energy in the fourth quarter valued at approximately $82,000. Finally, Citigroup Inc. lifted its stake in Talos Energy by 227.6% in the fourth quarter. Citigroup Inc. now owns 10,969 shares of the company’s stock valued at $90,000 after buying an additional 7,621 shares in the last quarter. Institutional investors own 97.73% of the company’s stock.
Talos Energy stock traded down $0.34 during mid-day trading on Thursday, reaching $11.87. The company had a trading volume of 5,922 shares, compared to its average volume of 981,671. The company has a 50 day moving average of $12.09 and a 200-day moving average of $9.14. The firm has a market cap of $964.79 million, a price-to-earnings ratio of -69.53 and a beta of 3.15. Talos Energy has a 52 week low of $5.39 and a 52 week high of $16.81. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.78.
About Talos Energy
Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2020, the company had proved reserves of 163.0 million barrels of oil equivalent, consisting of 109,307 thousand barrels of crude oil, 257,208 million cubic feet of natural gas, and 10,858 thousand barrels of crude oil.
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