Analysts Offer Predictions for Talos Energy FY2024 Earnings

Talos Energy Inc. (NYSE:TALO) – Research analysts at Roth Capital decreased their FY2024 earnings per share estimates for shares of Talos Energy in a report issued on Monday, February 3rd. Roth Capital analyst L. Mariani now forecasts that the company will post earnings per share of ($0.47) for the year, down from their previous 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 posted its quarterly earnings results on Monday, November 11th. The company reported ($0.14) 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 company had revenue of $509.29 million during the quarter, compared to the consensus estimate of $504.44 million. During the same period last year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up 32.9% compared to the same quarter last year.

Other equities analysts also recently issued research reports about the stock. Citigroup lifted their target price on shares of Talos Energy from $12.50 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Mizuho dropped their price objective on Talos Energy from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Stephens reduced their target price on Talos Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday. KeyCorp lowered their price target on shares of Talos Energy from $21.00 to $16.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Talos Energy in a research note on Thursday, December 5th. They set a “neutral” rating and a $12.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.83.

Talos Energy Trading Down 1.3 %

Shares of TALO opened at $9.46 on Wednesday. Talos Energy has a fifty-two week low of $8.89 and a fifty-two week high of $14.67. The business has a 50-day moving average of $10.09 and a 200 day moving average of $10.74. The firm has a market cap of $1.70 billion, a P/E ratio of 17.52 and a beta of 1.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 0.97.

Hedge Funds Weigh In On Talos Energy

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

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.