Shares of Talos Energy Inc (NYSE:TALO) were up 9.2% during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $26.15 and last traded at $24.85. Approximately 631,578 shares changed hands during mid-day trading, an increase of 355% from the average daily volume of 138,855 shares. The stock had previously closed at $22.75.
The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.31. Talos Energy had a negative net margin of 4.09% and a negative return on equity of 3.76%. The business had revenue of $258.66 million during the quarter, compared to the consensus estimate of $230.13 million.
TALO has been the subject of several recent analyst reports. Guggenheim initiated coverage on shares of Talos Energy in a research report on Monday, February 11th. They issued a “buy” rating and a $38.00 target price for the company. Zacks Investment Research upgraded shares of Talos Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 9th. Stephens initiated coverage on shares of Talos Energy in a research report on Thursday, December 6th. They issued an “overweight” rating and a $38.00 target price for the company. Finally, ValuEngine upgraded shares of Talos Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $40.67.
The firm has a market cap of $1.20 billion, a PE ratio of 51.70 and a beta of 1.57.
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Talos Energy Company Profile (NYSE:TALO)
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.
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