Talos Energy (TALO) Scheduled to Post Earnings on Monday

Talos Energy (NYSE:TALO - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Talos Energy (NYSE:TALO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.16. Talos Energy had a negative return on equity of 0.21% and a negative net margin of 0.93%. The business had revenue of $549.17 million during the quarter, compared to the consensus estimate of $516.61 million. During the same period last year, the firm earned $0.06 earnings per share. The company's revenue for the quarter was up 49.6% compared to the same quarter last year. On average, analysts expect Talos Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Talos Energy Stock Performance

NYSE:TALO traded up $0.15 during trading hours on Thursday, reaching $11.83. 2,218,570 shares of the stock were exchanged, compared to its average volume of 2,132,115. The stock has a market capitalization of $2.13 billion, a P/E ratio of 389.33 and a beta of 1.92. The firm has a 50 day simple moving average of $10.72 and a 200-day simple moving average of $11.42. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.53. Talos Energy has a 52 week low of $9.44 and a 52 week high of $15.17.

Wall Street Analyst Weigh In

Several research firms have weighed in on TALO. The Goldman Sachs Group initiated coverage on shares of Talos Energy in a research note on Monday, July 22nd. They set a "buy" rating and a $14.00 target price for the company. Stephens restated an "overweight" rating and issued a $24.00 target price on shares of Talos Energy in a research note on Wednesday, July 10th. KeyCorp dropped their price target on Talos Energy from $21.00 to $16.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Benchmark restated a "buy" rating and set a $20.00 price objective on shares of Talos Energy in a research report on Friday, September 27th. Finally, BMO Capital Markets dropped their target price on Talos Energy from $14.00 to $13.00 and set a "market perform" rating on the stock in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.65.

Insider Buying and Selling

In related news, insider Control Empresarial De Capital acquired 100,000 shares of Talos Energy stock in a transaction dated Friday, September 27th. The stock was acquired at an average cost of $10.31 per share, with a total value of $1,031,000.00. Following the purchase, the insider now directly owns 43,545,604 shares in the company, valued at $448,955,177.24. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 1,220,000 shares of company stock worth $13,135,560 in the last ninety days. 0.77% of the stock is currently owned by corporate insiders.

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.