Talos Energy (NYSE:TALO – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.16, FiscalAI reports. Talos Energy had a positive return on equity of 4.37% and a negative net margin of 18.36%. The company had revenue of $595.99 million for the quarter, compared to analyst estimates of $552.17 million. During the same quarter last year, the firm posted ($0.19) earnings per share. Talos Energy’s revenue was up 32.4% compared to the same quarter last year.
Talos Energy Stock Down 1.7%
Shares of NYSE:TALO traded down $0.27 during mid-day trading on Thursday, reaching $15.34. 1,433,154 shares of the stock were exchanged, compared to its average volume of 2,311,467. The stock’s 50 day simple moving average is $17.17 and its 200-day simple moving average is $15.02. Talos Energy has a one year low of $9.35 and a one year high of $18.76. The company has a market cap of $2.56 billion, a P/E ratio of -6.62 and a beta of 0.45. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.60.
Insider Buying and Selling
In other Talos Energy news, insider Control Empresarial De Capital sold 1,200,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $18.33, for a total value of $21,996,000.00. Following the sale, the insider owned 20,491,414 shares in the company, valued at approximately $375,607,618.62. The trade was a 5.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders sold 20,239,929 shares of company stock valued at $356,446,912. Insiders own 0.51% of the company’s stock.
Analyst Ratings Changes
TALO has been the subject of several research analyst reports. Citigroup boosted their price objective on Talos Energy from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Talos Energy in a report on Tuesday. Wall Street Zen upgraded shares of Talos Energy from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. The Goldman Sachs Group reissued a “buy” rating and set a $22.00 price objective on shares of Talos Energy in a research report on Tuesday, October 27th. Finally, KeyCorp raised their price objective on shares of Talos Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Tuesday, September 15th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.71.
Get Our Latest Stock Analysis on TALO
About Talos Energy
Talos Energy Inc is an independent energy company focused on the exploration, development and production of oil and natural gas. The company’s upstream operations are concentrated in the U.S. Gulf of Mexico, where it holds interests in offshore properties and produces crude oil, natural gas and natural gas liquids.
In addition to its traditional exploration and production activities, Talos has pursued carbon management opportunities through the development of carbon capture and storage projects along the U.S.
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