Talos Energy (NYSE:TALO) Announces Quarterly Earnings Results

Talos Energy (NYSE:TALO) released its earnings results on Wednesday. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.23, Briefing.com reports. Talos Energy had a negative net margin of 8.91% and a negative return on equity of 2.34%. The firm had revenue of $450.05 million for the quarter, compared to the consensus estimate of $421.73 million. During the same period in the prior year, the firm earned ($0.14) EPS. The company’s revenue was down 11.6% compared to the same quarter last year.

Talos Energy Stock Up 6.0%

Talos Energy stock traded up $0.59 during mid-day trading on Friday, reaching $10.37. 2,832,141 shares of the company were exchanged, compared to its average volume of 2,213,001. Talos Energy has a 12-month low of $6.23 and a 12-month high of $12.71. The business has a fifty day moving average of $9.64 and a 200 day moving average of $8.83. The firm has a market cap of $1.81 billion, a P/E ratio of -10.69 and a beta of 0.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.22.

Analyst Ratings Changes

Several brokerages have recently commented on TALO. Mizuho reiterated a “neutral” rating and set a $11.00 target price on shares of Talos Energy in a research report on Monday, September 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Talos Energy in a research report on Wednesday. Finally, Wall Street Zen downgraded shares of Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.43.

Insider Transactions at Talos Energy

In other news, Director Paula R. Glover sold 6,159 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $9.69, for a total transaction of $59,680.71. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Talos Energy

Institutional investors have recently bought and sold shares of the business. Sourcerock Group LLC lifted its stake in Talos Energy by 11.0% in the 2nd quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after purchasing an additional 1,110,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Talos Energy by 16.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after buying an additional 304,205 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Talos Energy by 6.6% during the second quarter. Public Sector Pension Investment Board now owns 419,775 shares of the company’s stock worth $3,560,000 after buying an additional 25,965 shares during the last quarter. Jane Street Group LLC boosted its stake in Talos Energy by 96.5% during the second quarter. Jane Street Group LLC now owns 388,734 shares of the company’s stock worth $3,296,000 after buying an additional 190,904 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Talos Energy by 132.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock valued at $3,279,000 after buying an additional 220,502 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Talos Energy Company Profile

Talos Energy Inc, through its subsidiaries, engages in the exploration and production of oil, natural gas, and natural gas liquids in the United States and Mexico. It also engages in the development of carbon capture and sequestration. Talos Energy Inc was founded in 2011 and is headquartered in Houston, Texas.