Wall Street analysts forecast that Talos Energy Inc. (NYSE:TALO) will report $245.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Talos Energy’s earnings, with the highest sales estimate coming in at $251.00 million and the lowest estimate coming in at $234.66 million. Talos Energy posted sales of $187.76 million during the same quarter last year, which would indicate a positive year over year growth rate of 30.6%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, May 5th.
According to Zacks, analysts expect that Talos Energy will report full-year sales of $978.81 million for the current year, with estimates ranging from $905.89 million to $1.06 billion. For the next financial year, analysts expect that the firm will report sales of $1.01 billion, with estimates ranging from $1.01 billion to $1.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Talos Energy.
Talos Energy (NYSE:TALO) last released its quarterly earnings results on Tuesday, March 9th. The company reported ($5.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($5.46). The firm had revenue of $175.71 million for the quarter, compared to analyst estimates of $185.55 million. Talos Energy had a positive return on equity of 1.20% and a negative net margin of 5.36%.
Talos Energy stock traded down $0.12 during mid-day trading on Tuesday, hitting $11.62. 263,971 shares of the company’s stock traded hands, compared to its average volume of 863,986. The firm has a 50 day simple moving average of $12.08 and a two-hundred day simple moving average of $9.82. Talos Energy has a fifty-two week low of $5.39 and a fifty-two week high of $16.81. The stock has a market cap of $949.45 million, a price-to-earnings ratio of -68.35 and a beta of 3.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.59 and a quick ratio of 0.59.
In other news, major shareholder Apollo Management Holdings Gp, sold 94,400 shares of the stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $14.16, for a total transaction of $1,336,704.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TALO. BlackRock Inc. increased its position in Talos Energy by 12.3% during the 4th quarter. BlackRock Inc. now owns 4,007,684 shares of the company’s stock valued at $33,023,000 after buying an additional 439,665 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Talos Energy by 2,372.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 436,516 shares of the company’s stock worth $5,256,000 after purchasing an additional 418,861 shares in the last quarter. Caas Capital Management LP bought a new stake in shares of Talos Energy in the fourth quarter worth $2,125,000. CM Management LLC bought a new stake in shares of Talos Energy in the fourth quarter worth $1,854,000. Finally, Alpha Paradigm Partners LLC bought a new stake in shares of Talos Energy in the fourth quarter worth $425,000. Institutional investors own 97.73% of the company’s stock.
Talos Energy Company Profile
Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production of oil and natural gas properties in the United States Gulf of Mexico and offshore Mexico. As of December 31, 2020, the company had proved reserves of 163.0 million barrels of oil equivalent, consisting of 109,307 thousand barrels of crude oil, 257,208 million cubic feet of natural gas, and 10,858 thousand barrels of crude oil.
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