Talos Energy (NYSE:TALO) Announces Quarterly Earnings Results

Talos Energy (NYSE:TALO) released its earnings results on Wednesday. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.07, Zacks reports. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%.

Talos Energy Price Performance

TALO stock traded up $0.09 on Wednesday, hitting $8.70. 1,850,656 shares of the company’s stock traded hands, compared to its average volume of 1,678,904. Talos Energy has a 1-year low of $8.48 and a 1-year high of $14.67. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 16.11 and a beta of 1.89. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average of $9.77 and a 200-day moving average of $10.53.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Mizuho cut their price target on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Benchmark reiterated a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Tuesday, November 12th. Stephens reduced their target price on shares of Talos Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Citigroup raised their price target on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Talos Energy in a research note on Thursday, December 5th. They set a “neutral” rating and a $12.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.83.

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.