Talos Energy (NYSE:TALO) Releases Quarterly Earnings Results, Misses Estimates By $0.19 EPS

Talos Energy (NYSE:TALO) issued its quarterly earnings data on Tuesday. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.19), Zacks reports. Talos Energy had a negative net margin of 19.02% and a negative return on equity of 2.76%.

Talos Energy Price Performance

Shares of NYSE TALO traded up $0.01 during midday trading on Tuesday, reaching $13.15. 1,216,989 shares of the company were exchanged, compared to its average volume of 1,902,301. The stock’s 50-day moving average price is $11.71 and its 200-day moving average price is $10.55. The stock has a market cap of $2.24 billion, a P/E ratio of -6.54 and a beta of 0.58. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.51. Talos Energy has a one year low of $6.23 and a one year high of $13.85.

Institutional Trading of Talos Energy

A number of hedge funds have recently made changes to their positions in TALO. Larson Financial Group LLC boosted its position in Talos Energy by 142.9% during the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock valued at $32,000 after acquiring an additional 1,942 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Talos Energy by 134.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock valued at $32,000 after purchasing an additional 2,123 shares during the period. Quarry LP bought a new stake in shares of Talos Energy during the 3rd quarter valued at about $36,000. PNC Financial Services Group Inc. grew its stake in Talos Energy by 22.7% during the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after purchasing an additional 1,049 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock valued at $56,000 after buying an additional 5,236 shares during the period. 89.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Mizuho increased their price target on shares of Talos Energy from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, December 12th. KeyCorp upped their price objective on Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a report on Friday, December 5th. Citigroup lifted their target price on Talos Energy from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Wall Street Zen raised shares of Talos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.50.

About Talos Energy

Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.

Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.