Talos Energy FY2024 EPS Estimate Reduced by Roth Capital

Talos Energy Inc. (NYSE:TALO) – Equities research analysts at Roth Capital cut their FY2024 earnings per share (EPS) estimates for Talos Energy in a report released on Monday, February 3rd. Roth Capital analyst L. Mariani now forecasts that the company will post earnings of ($0.47) per share for the year, down from their prior forecast of ($0.45). The consensus estimate for Talos Energy’s current full-year earnings is ($0.37) per share. Roth Capital also issued estimates for Talos Energy’s Q4 2024 earnings at ($0.11) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.19) EPS, Q3 2025 earnings at ($0.26) EPS and FY2025 earnings at ($0.71) EPS.

Talos Energy (NYSE:TALO) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). Talos Energy had a negative return on equity of 1.98% and a net margin of 3.95%. The firm had revenue of $509.29 million for the quarter, compared to the consensus estimate of $504.44 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company’s revenue was up 32.9% on a year-over-year basis.

A number of other equities research analysts have also recently issued reports on TALO. Benchmark restated a “buy” rating and set a $20.00 price objective on shares of Talos Energy in a report on Tuesday, November 12th. Citigroup boosted their price target on Talos Energy from $12.50 to $14.50 and gave the company a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. started coverage on Talos Energy in a research note on Thursday, December 5th. They issued a “neutral” rating and a $12.00 price target for the company. KeyCorp cut their price target on Talos Energy from $21.00 to $16.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Finally, Stephens reiterated an “overweight” rating and issued a $21.00 price target on shares of Talos Energy in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.94.

Talos Energy Trading Up 2.7 %

Shares of NYSE:TALO opened at $9.60 on Wednesday. Talos Energy has a 12-month low of $8.89 and a 12-month high of $14.67. The stock has a market cap of $1.73 billion, a PE ratio of 17.77 and a beta of 1.89. The business has a 50 day moving average of $10.12 and a 200-day moving average of $10.75. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.47.

Institutional Trading of Talos Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Virtus Investment Advisers Inc. acquired a new stake in Talos Energy in the third quarter valued at $31,000. US Bancorp DE grew its holdings in Talos Energy by 113.3% during the 3rd quarter. US Bancorp DE now owns 3,440 shares of the company’s stock worth $36,000 after acquiring an additional 1,827 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Talos Energy in the 3rd quarter worth about $75,000. KBC Group NV lifted its stake in shares of Talos Energy by 46.1% in the 4th quarter. KBC Group NV now owns 7,970 shares of the company’s stock valued at $77,000 after purchasing an additional 2,515 shares during the period. Finally, FMR LLC boosted its position in shares of Talos Energy by 119.2% during the 3rd quarter. FMR LLC now owns 10,395 shares of the company’s stock valued at $108,000 after purchasing an additional 5,653 shares in the last quarter. 89.35% of the stock is currently owned by institutional investors and hedge funds.

Talos Energy Company Profile

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.