Brokerages Anticipate Talos Energy Inc (NYSE:TALO) to Announce $0.89 EPS

Wall Street brokerages expect that Talos Energy Inc (NYSE:TALO) will post $0.89 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Talos Energy’s earnings. The lowest EPS estimate is $0.75 and the highest is $1.02. Talos Energy reported earnings of $0.24 per share in the same quarter last year, which would suggest a positive year over year growth rate of 270.8%. The firm is expected to report its next earnings report on Monday, November 4th.

On average, analysts expect that Talos Energy will report full-year earnings of $3.25 per share for the current year. For the next financial year, analysts forecast that the business will post earnings of $3.22 per share, with EPS estimates ranging from $3.13 to $3.31. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Talos Energy.

Talos Energy (NYSE:TALO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.22. Talos Energy had a return on equity of 15.59% and a net margin of 30.24%. The company had revenue of $286.81 million for the quarter, compared to the consensus estimate of $268.23 million.

Several equities research analysts have issued reports on TALO shares. Zacks Investment Research upgraded Talos Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Stephens set a $37.00 price objective on Talos Energy and gave the stock a “buy” rating in a report on Wednesday, May 22nd. ValuEngine lowered Talos Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, June 3rd. Finally, Roth Capital set a $45.00 target price on Talos Energy and gave the stock a “buy” rating in a research report on Thursday, June 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.17.

Several institutional investors and hedge funds have recently modified their holdings of TALO. Nuveen Asset Management LLC purchased a new position in shares of Talos Energy during the second quarter valued at $15,288,000. Victory Capital Management Inc. purchased a new position in Talos Energy in the second quarter valued at about $40,000. UBS Asset Management Americas Inc. grew its stake in Talos Energy by 59.7% in the second quarter. UBS Asset Management Americas Inc. now owns 26,556 shares of the company’s stock valued at $639,000 after purchasing an additional 9,932 shares in the last quarter. Citadel Advisors LLC grew its stake in Talos Energy by 25.5% in the second quarter. Citadel Advisors LLC now owns 203,633 shares of the company’s stock valued at $4,898,000 after purchasing an additional 41,422 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Talos Energy in the second quarter valued at about $98,000.

TALO stock traded down $0.19 during midday trading on Thursday, hitting $20.87. 191,100 shares of the company’s stock were exchanged, compared to its average volume of 232,991. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. Talos Energy has a 12-month low of $14.60 and a 12-month high of $36.46. The firm has a 50 day moving average price of $21.71 and a 200-day moving average price of $24.07. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 7.85 and a beta of 1.65.

About Talos Energy

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

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Earnings History and Estimates for Talos Energy (NYSE:TALO)

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