Talos Energy (TALO) Set to Announce Quarterly Earnings on Wednesday

Talos Energy (NYSE:TALO) is set to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Talos Energy (NYSE:TALO) last posted its earnings results on Monday, May 6th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.13. Talos Energy had a negative net margin of 0.96% and a negative return on equity of 0.16%. The business had revenue of $429.93 million during the quarter, compared to the consensus estimate of $404.00 million. 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 Trading Down 5.6 %

NYSE:TALO opened at $10.07 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. Talos Energy has a 12 month low of $9.81 and a 12 month high of $17.59. The company has a market cap of $1.85 billion, a PE ratio of 143.86 and a beta of 1.95. The company has a 50 day simple moving average of $11.40 and a two-hundred day simple moving average of $12.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Talos Energy in a research report on Monday, July 22nd. They issued a “buy” rating and a $14.00 target price for the company. Stephens reaffirmed an “overweight” rating and issued a $24.00 target price on shares of Talos Energy in a research report on Wednesday, July 10th. Stifel Nicolaus lifted their target price on shares of Talos Energy from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. KeyCorp boosted their price objective on shares of Talos Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Benchmark reissued a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a research report on Friday, June 21st. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $20.17.

Insider Buying and Selling

In other news, insider Control Empresarial De Capital bought 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average price of $10.80 per share, with a total value of $3,240,000.00. Following the acquisition, the insider now owns 37,972,904 shares of the company’s stock, valued at approximately $410,107,363.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders bought 1,206,000 shares of company stock valued at $13,631,500. Company insiders own 0.77% of the company’s stock.

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.