Brokerages Expect Talos Energy Inc (TALO) Will Announce Quarterly Sales of $268.79 Million

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Analysts expect Talos Energy Inc (NYSE:TALO) to post $268.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Talos Energy’s earnings, with estimates ranging from $257.50 million to $277.30 million. Talos Energy reported sales of $203.91 million in the same quarter last year, which would suggest a positive year over year growth rate of 31.8%. The company is scheduled to announce its next earnings report on Monday, August 5th.

On average, analysts expect that Talos Energy will report full-year sales of $1.00 billion for the current year, with estimates ranging from $980.50 million to $1.02 billion. For the next financial year, analysts anticipate that the business will post sales of $1.06 billion, with estimates ranging from $988.30 million to $1.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Talos Energy.

Talos Energy (NYSE:TALO) last posted its earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $178.71 million for the quarter, compared to analyst estimates of $178.06 million.

Several research firms have weighed in on TALO. Zacks Investment Research upgraded Talos Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, February 9th. Northland Securities reiterated a “buy” rating and issued a $40.00 price objective on shares of Talos Energy in a research note on Tuesday, April 16th. ValuEngine upgraded Talos Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Guggenheim initiated coverage on Talos Energy in a research note on Monday, February 11th. They issued a “buy” rating and a $38.00 price objective on the stock. Finally, Stephens set a $34.00 price objective on Talos Energy and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $39.67.

Several institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC increased its stake in shares of Talos Energy by 3.5% in the third quarter. Teachers Advisors LLC now owns 39,373 shares of the company’s stock worth $1,292,000 after purchasing an additional 1,314 shares during the period. Swiss National Bank grew its position in Talos Energy by 4.5% during the first quarter. Swiss National Bank now owns 39,500 shares of the company’s stock worth $1,049,000 after buying an additional 1,700 shares in the last quarter. Royce & Associates LP grew its position in Talos Energy by 0.3% during the fourth quarter. Royce & Associates LP now owns 700,138 shares of the company’s stock worth $11,426,000 after buying an additional 1,959 shares in the last quarter. SG3 Management LLC acquired a new stake in Talos Energy during the first quarter worth about $64,000. Finally, Northern Trust Corp grew its position in Talos Energy by 1.1% during the fourth quarter. Northern Trust Corp now owns 257,117 shares of the company’s stock worth $4,196,000 after buying an additional 2,828 shares in the last quarter. Institutional investors and hedge funds own 99.24% of the company’s stock.

NYSE TALO traded down $1.24 during trading on Friday, hitting $26.96. 1,296 shares of the company traded hands, compared to its average volume of 194,800. Talos Energy has a 12 month low of $14.60 and a 12 month high of $37.64. The firm has a market cap of $1.50 billion, a P/E ratio of 10.19 and a beta of 1.66.

Talos Energy Company Profile

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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