Talos Energy Inc (NYSE:TALO) – Investment analysts at Capital One Financial cut their Q1 2019 earnings per share (EPS) estimates for Talos Energy in a research note issued on Tuesday, November 6th. Capital One Financial analyst R. Tullis now forecasts that the company will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.49. Capital One Financial has a “Overweight” rating and a $45.00 price target on the stock. Capital One Financial also issued estimates for Talos Energy’s Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.02 EPS, Q4 2019 earnings at $1.28 EPS and FY2019 earnings at $4.03 EPS.
Several other brokerages have also recently issued reports on TALO. Zacks Investment Research upgraded Talos Energy from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, October 30th. ValuEngine cut Talos Energy from a “hold” rating to a “sell” rating in a research note on Sunday, October 28th. Northland Securities initiated coverage on Talos Energy in a research note on Monday, October 22nd. They set an “outperform” rating and a $45.00 price objective on the stock. Seaport Global Securities restated a “buy” rating on shares of Talos Energy in a research note on Monday, August 27th. Finally, Roth Capital initiated coverage on Talos Energy in a research note on Tuesday, October 16th. They set a “buy” rating and a $48.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Talos Energy currently has an average rating of “Hold” and an average price target of $42.00.
Shares of NYSE TALO opened at $22.81 on Thursday. Talos Energy has a 52-week low of $21.91 and a 52-week high of $37.64. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 59.51 and a beta of 1.58. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.96 and a current ratio of 2.96.
Talos Energy (NYSE:TALO) last announced its quarterly earnings data on Monday, November 5th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.69). Talos Energy had a negative net margin of 4.09% and a negative return on equity of 3.76%. The firm had revenue of $282.87 million for the quarter, compared to analyst estimates of $279.40 million.
In related news, Director John B. Juneau purchased 12,400 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were acquired at an average cost of $24.15 per share, for a total transaction of $299,460.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 3.50% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Legal & General Group Plc acquired a new stake in shares of Talos Energy during the 2nd quarter worth approximately $112,000. Swiss National Bank raised its position in shares of Talos Energy by 10.9% during the 3rd quarter. Swiss National Bank now owns 37,800 shares of the company’s stock worth $1,241,000 after purchasing an additional 3,700 shares during the period. Bank of America Corp DE acquired a new stake in shares of Talos Energy during the 2nd quarter worth approximately $159,000. Russell Investments Group Ltd. acquired a new stake in shares of Talos Energy during the 2nd quarter worth approximately $164,000. Finally, Strs Ohio acquired a new stake in shares of Talos Energy during the 2nd quarter worth approximately $189,000. Institutional investors and hedge funds own 99.56% of the company’s stock.
About Talos Energy
Talos Energy Inc, an independent oil and gas company, focuses on the offshore exploration and production in the United States Gulf of Mexico and the shallow waters off the coast of Mexico. The company is headquartered in Houston, Texas.
Featured Story: Market Capitalization and Individual Investors
Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.