Talos Energy (NYSE:TALO) Announces Earnings Results, Beats Expectations By $0.03 EPS

Talos Energy (NYSE:TALO - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03, Zacks reports. Talos Energy had a net margin of 3.95% and a negative return on equity of 1.98%. The company had revenue of $513.06 million during the quarter, compared to analyst estimates of $499.20 million. During the same quarter last year, the business posted ($0.13) EPS. Talos Energy's quarterly revenue was up 19.3% compared to the same quarter last year.

Talos Energy Trading Up 0.9 %

Shares of TALO traded up $0.07 during trading hours on Friday, hitting $8.08. The company had a trading volume of 952,744 shares, compared to its average volume of 2,053,715. Talos Energy has a 52-week low of $6.23 and a 52-week high of $13.10. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47. The stock's 50 day moving average price is $7.99 and its 200 day moving average price is $9.42. The firm has a market cap of $1.44 billion, a P/E ratio of 14.96 and a beta of 0.65.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TALO shares. Stephens lowered their price objective on Talos Energy from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Mizuho dropped their price target on shares of Talos Energy from $15.00 to $12.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. KeyCorp reduced their price objective on shares of Talos Energy from $16.00 to $12.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Citigroup reduced their price target on Talos Energy from $14.50 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Talos Energy from $14.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.38.

About Talos Energy

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.