Talos Energy (NYSE:TALO) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Talos Energy (NYSE:TALO - Get Free Report) posted its earnings results on Tuesday. The company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.04, Briefing.com reports. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The firm had revenue of $472.31 million for the quarter, compared to analyst estimates of $446.39 million. During the same period in the previous year, the firm posted $0.06 EPS. The company's revenue for the quarter was down 7.9% compared to the same quarter last year.

Talos Energy Stock Up 0.5%

TALO stock opened at $14.99 on Friday. The company has a market cap of $2.50 billion, a P/E ratio of -3.48 and a beta of 0.35. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.30 and a current ratio of 1.20. The stock's 50 day simple moving average is $14.56 and its 200 day simple moving average is $12.41. Talos Energy has a fifty-two week low of $7.67 and a fifty-two week high of $17.00.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Talos Energy from $16.00 to $20.00 and gave the stock a "buy" rating in a research note on Tuesday, March 31st. KeyCorp increased their price target on Talos Energy from $15.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, April 2nd. Wall Street Zen raised Talos Energy from a "sell" rating to a "hold" rating in a research report on Sunday, May 3rd. Weiss Ratings raised Talos Energy from a "sell (d-)" rating to a "sell (d+)" rating in a research note on Thursday. Finally, Roth Mkm restated a "neutral" rating and set a $16.00 target price (up from $13.00) on shares of Talos Energy in a research report on Wednesday, April 8th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Talos Energy currently has an average rating of "Hold" and a consensus price target of $17.60.

Insider Activity

In related news, insider Control Empresarial De Capital sold 1,352,000 shares of the company's stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the sale, the insider directly owned 41,233,604 shares in the company, valued at approximately $687,776,514.72. This represents a 3.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Talos Energy

Several institutional investors have recently made changes to their positions in TALO. Royal Bank of Canada grew its position in shares of Talos Energy by 11.8% in the first quarter. Royal Bank of Canada now owns 28,590 shares of the company's stock valued at $278,000 after purchasing an additional 3,007 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Talos Energy by 152.1% during the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company's stock worth $884,000 after purchasing an additional 54,854 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Talos Energy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company's stock worth $838,000 after purchasing an additional 3,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Talos Energy by 16.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company's stock worth $21,224,000 after purchasing an additional 304,205 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Talos Energy by 132.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company's stock valued at $3,279,000 after buying an additional 220,502 shares in the last quarter. Hedge funds and other institutional investors own 89.35% of the company's stock.

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.