Q2 2019 EPS Estimates for Talos Energy Inc Lifted by Capital One Financial (NYSE:TALO)

Talos Energy Inc (NYSE:TALO) – Capital One Financial increased their Q2 2019 earnings per share (EPS) estimates for Talos Energy in a note issued to investors on Tuesday, June 4th, Zacks Investment Research reports. Capital One Financial analyst R. Tullis now forecasts that the company will post earnings per share of $1.05 for the quarter, up from their previous forecast of $0.67. Capital One Financial also issued estimates for Talos Energy’s Q3 2019 earnings at $1.01 EPS, Q4 2019 earnings at $1.12 EPS and FY2019 earnings at $3.15 EPS.

Talos Energy (NYSE:TALO) last released its earnings results on Wednesday, May 8th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.24. Talos Energy had a return on equity of 2.83% and a net margin of 14.59%. The business had revenue of $178.71 million during the quarter, compared to analysts’ expectations of $178.06 million.

A number of other brokerages have also recently commented on TALO. Zacks Investment Research raised Talos Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Friday, June 7th. Northland Securities reissued a “buy” rating and issued a $40.00 price objective on shares of Talos Energy in a research note on Tuesday, April 16th. ValuEngine cut Talos Energy from a “sell” rating to a “strong sell” rating in a research note on Monday, June 3rd. Roth Capital set a $45.00 target price on Talos Energy and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Stephens set a $37.00 target price on Talos Energy and gave the company a “buy” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $38.17.

Talos Energy stock traded up $0.74 during mid-day trading on Thursday, reaching $24.05. The stock had a trading volume of 631,756 shares, compared to its average volume of 326,084. Talos Energy has a fifty-two week low of $14.60 and a fifty-two week high of $37.64. The company has a 50-day simple moving average of $24.49. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 9.04 and a beta of 1.74.

Several hedge funds have recently bought and sold shares of TALO. Dalton Greiner Hartman Maher & Co. bought a new position in shares of Talos Energy in the first quarter valued at approximately $12,809,000. Dimensional Fund Advisors LP lifted its holdings in Talos Energy by 26.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 875,638 shares of the company’s stock worth $14,290,000 after acquiring an additional 181,910 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Talos Energy by 20.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 622,302 shares of the company’s stock worth $10,155,000 after acquiring an additional 106,262 shares during the period. Graham Capital Management L.P. bought a new stake in Talos Energy during the fourth quarter worth $858,000. Finally, BlackRock Inc. lifted its holdings in Talos Energy by 3.1% during the fourth quarter. BlackRock Inc. now owns 1,476,701 shares of the company’s stock worth $24,100,000 after acquiring an additional 45,095 shares during the period. Institutional investors own 97.68% of the company’s stock.

About Talos Energy

Talos Energy Inc, an independent exploration and production company, focuses on the exploration and production in the United States Gulf of Mexico and offshore Mexico. The company was founded in 2011 and is headquartered in Houston, Texas.

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Earnings History and Estimates for Talos Energy (NYSE:TALO)

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