Analysts Offer Predictions for Talos Energy FY2024 Earnings

Talos Energy Inc. (NYSE:TALO - Free Report) - Investment analysts at Roth Capital decreased their FY2024 earnings estimates for Talos Energy in a report issued on Monday, February 3rd. Roth Capital analyst L. Mariani now expects that the company will earn ($0.47) per share for the year, down from their prior estimate of ($0.45). The consensus estimate for Talos Energy's current full-year earnings is ($0.44) per share. Roth Capital also issued estimates for Talos Energy's Q4 2024 earnings at ($0.11) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.19) EPS, Q3 2025 earnings at ($0.26) EPS and FY2025 earnings at ($0.71) EPS.

Several other equities analysts have also commented on the stock. KeyCorp dropped their price target on shares of Talos Energy from $21.00 to $16.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Citigroup increased their price target on shares of Talos Energy from $12.50 to $14.50 and gave the company a "buy" rating in a research note on Thursday, November 14th. Stephens decreased their price objective on Talos Energy from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Wednesday. Benchmark reissued a "buy" rating and issued a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. started coverage on Talos Energy in a report on Thursday, December 5th. They issued a "neutral" rating and a $12.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.83.

Talos Energy Stock Down 0.8 %

Talos Energy stock traded down $0.07 during mid-day trading on Wednesday, hitting $9.23. The company had a trading volume of 1,332,810 shares, compared to its average volume of 1,653,759. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 17.09 and a beta of 1.89. Talos Energy has a 1 year low of $8.89 and a 1 year high of $14.67. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $10.05 and a 200 day moving average of $10.73.

Talos Energy (NYSE:TALO - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $509.29 million during the quarter, compared to analysts' expectations of $504.44 million. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The business's revenue for the quarter was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share.

Institutional Investors Weigh In On Talos Energy

Hedge funds have recently modified their holdings of the stock. Everence Capital Management Inc. raised its position in Talos Energy by 8.6% in the third quarter. Everence Capital Management Inc. now owns 22,050 shares of the company's stock worth $228,000 after acquiring an additional 1,740 shares in the last quarter. US Bancorp DE raised its position in Talos Energy by 113.3% in the third quarter. US Bancorp DE now owns 3,440 shares of the company's stock worth $36,000 after acquiring an additional 1,827 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Talos Energy by 2.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 111,892 shares of the company's stock worth $1,086,000 after acquiring an additional 2,192 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Talos Energy by 4.1% in the fourth quarter. New York State Common Retirement Fund now owns 56,474 shares of the company's stock valued at $548,000 after buying an additional 2,200 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Talos Energy by 46.1% in the fourth quarter. KBC Group NV now owns 7,970 shares of the company's stock valued at $77,000 after buying an additional 2,515 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

About Talos Energy

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.