Talos Energy (NYSE:TALO) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

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 negative return on equity of 1.98% and a net margin of 3.95%.

Talos Energy Price Performance

Shares of NYSE TALO traded up $0.09 during mid-day trading on Wednesday, hitting $8.70. 1,850,656 shares of the stock were exchanged, compared to its average volume of 1,678,904. The stock’s fifty day simple moving average is $9.77 and its two-hundred day simple moving average is $10.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $1.57 billion, a P/E ratio of 16.11 and a beta of 1.89. Talos Energy has a twelve month low of $8.48 and a twelve month high of $14.67.

Analyst Ratings Changes

A number of analysts recently commented on TALO shares. Stephens dropped 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. JPMorgan Chase & Co. initiated coverage on Talos Energy in a report on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target on the stock. Citigroup raised their price objective on Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Benchmark reaffirmed a “buy” rating and set a $20.00 target price on shares of Talos Energy in a research report on Tuesday, November 12th. Finally, Mizuho decreased their target price on shares of Talos Energy from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.