Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Talos Energy Inc. (NYSE:TALO – Free Report) by 394,736.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 300,076 shares of the company’s stock after purchasing an additional 300,000 shares during the period. Talos Energy accounts for approximately 0.8% of Annis Gardner Whiting Capital Advisors LLC’s portfolio, making the stock its 19th biggest holding. Annis Gardner Whiting Capital Advisors LLC owned 0.18% of Talos Energy worth $4,729,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Talos Energy by 11.8% during the first quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after buying an additional 3,007 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Talos Energy by 152.1% in the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock valued at $884,000 after purchasing an additional 54,854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Talos Energy by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after purchasing an additional 3,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Talos Energy by 16.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after purchasing an additional 304,205 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Talos Energy by 132.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock worth $3,279,000 after purchasing an additional 220,502 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.
Talos Energy Stock Up 5.5% Shares of NYSE:TALO opened at $14.89 on Friday. The company’s fifty day moving average is $14.55 and its 200-day moving average is $13.78. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.20 and a current ratio of 1.20. Talos Energy Inc. has a 52 week low of $7.67 and a 52 week high of $17.05. The company has a market capitalization of $2.49 billion, a PE ratio of -3.46 and a beta of 0.34.
Talos Energy (NYSE:TALO – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The firm had revenue of $472.31 million for the quarter, compared to analyst estimates of $446.39 million. Talos Energy had a negative net margin of 42.58% and a negative return on equity of 8.24%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. Equities research analysts predict that Talos Energy Inc. will post 0.37 earnings per share for the current fiscal year.
Analyst Ratings Changes A number of brokerages have recently commented on TALO. KeyCorp upped their price objective on shares of Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. lifted their target price on Talos Energy from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Stephens restated an “overweight” rating and set a $20.00 price target on shares of Talos Energy in a research note on Wednesday, July 1st. Citigroup upped their price target on Talos Energy from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings downgraded Talos Energy from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Talos Energy presently has a consensus rating of “Hold” and an average target price of $18.83.
View Our Latest Report on TALO
Insider Activity at Talos Energy In other Talos Energy news, insider Control Empresarial De Capital sold 339,568 shares of Talos Energy stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $16.80, for a total value of $5,704,742.40. Following the completion of the transaction, the insider owned 40,460,036 shares in the company, valued at approximately $679,728,604.80. The trade was a 0.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.51% of the stock is owned by insiders.
Talos Energy Company Profile (Free Report)
Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.
Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.
Read More Five stocks we like better than Talos Energy AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINETruist Financial Issues Positive Forecast for American Electric Power (NASDAQ:AEP) Stock Price
NEXT HEADLINE »Truist Financial Issues Positive Forecast for Duke Energy (NYSE:DUK) Stock Price
, /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) intends to release second quarter 2026 results for the period ended June 30, 2026, on Tuesday, August 4, 2026, after the U.S. financial market closes. In addition to this release, Talos will host a conference call, broadcast live over the internet, on Wednesday, August 5, 2026, at 10:00 AM Eastern Time (9:00 AM Central Time).
Listeners can access the conference call through a webcast link on the Company's website at: Talos Second Quarter 2026 Webcast. Alternatively, the conference call can be accessed by dialing (800) 836-8184 (North American toll-free) or (646) 357-8785 (international). Please dial in approximately 15 minutes before the teleconference is scheduled to begin and ask to be joined into the Talos Energy call. A replay of the call will be available one hour after the conclusion of the conference until August 12, 2026 and can be accessed by dialing (888) 660-6345 and using access code 99686#.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven, innovative, independent energy company focused on safely maximizing long-term value through its Exploration & Production business in the United States Gulf of America and offshore Mexico. We leverage decades of technical and offshore operational expertise to acquire, explore, and produce assets in key geological trends while maintaining a focus on safe and efficient operations, environmental responsibility, and community impact. For more information, visit www.talosenergy.com.
, /PRNewswire/ -- Talos Energy Inc. ("Talos") (NYSE: TALO) today announced that Talos Production Inc. (the "Company"), a wholly owned subsidiary of Talos, has priced an offering (the "Offering") of $800 million in aggregate principal amount of new 8.000% Second-Priority Senior Secured Notes due 2034 (the "New Notes"). The Company intends to use the net proceeds from the Offering to (i) fund a portion of the cash consideration for the Company's recently announced pending Gulf of America acquisition (the "Acquisition"), (ii) fund the redemption (the "Redemption") of all of the outstanding 9.000% Second-Priority Senior Secured Notes due 2029 issued by the Company (the "2029 Notes"), and (iii) pay related fees and expenses. The Offering is expected to close on or about July 13, 2026, subject to customary closing conditions.
If the Acquisition is not consummated on or before December 31, 2026, if the Company notifies the trustee of the New Notes that it will not pursue the consummation of the Acquisition, or if the third-party preferential right to purchase certain assets subject to the Acquisition is exercised, then an aggregate of $175 million principal amount of the New Notes will be subject to a "special mandatory redemption" at a redemption price equal to 100% of the principal amount of the New Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.
It is expected that the New Notes will be guaranteed on a senior basis by Talos and certain of the Company's existing and future subsidiaries and will initially be secured on a second-priority basis by substantially the same collateral as the Company's existing first-priority obligations under its senior reserves-based revolving credit facility.
The New Notes are being offered in the United States only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States only in compliance with Regulation S under the Securities Act. The New Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of the New Notes or any other security of the Company, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute a notice of redemption under the optional redemption provisions of the indenture governing the 2029 Notes.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven, innovative, independent energy company focused on safely maximizing long-term value through its Exploration & Production business in the United States Gulf of America and offshore Mexico. We leverage decades of technical and offshore operational expertise to acquire, explore, and produce assets in key geological trends while maintaining a focus on safe and efficient operations, environmental responsibility, and community impact.
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This communication contains "forward-looking statements" within the meaning of U.S. Private Securities Litigation Reform Act of 1995. When used in this communication, the words "will," "could," "believe," "anticipate," "intend," "estimate," "expect," "project," "forecast," "may," "objective," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All statements, other than statements of historical fact included in this communication, are forward-looking statements, including, but not limited to, statements regarding the expected closing of the Offering and the intended use of the net proceeds therefrom, and the pending Acquisition. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.
We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, our ability to consummate the Acquisition on the terms currently contemplated, risks and uncertainties related to economic, market or business conditions, satisfaction of customary closing conditions related to the Offering, and the other risks discussed in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC"), our Quarterly Reports on Forms 10-Q filed with the SEC and our other filings with the SEC, all of which can be accessed at the SEC's website at www.sec.gov.
Should one or more of the risks or uncertainties described herein occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication.
Key Takeaways Shell will sell Na Kika, related fields and Coulomb interests for $1.7B in cash, pending approvals.SHEL's sale to support its focus on higher-value assets while retaining select future economic interests.Talos Energy expects the deal to expand Gulf operations with added reserves and immediate financial benefits. Shell plc (SHEL - Free Report) and Talos Energy Inc. (TALO - Free Report) have entered into a definitive agreement under which Shell will sell its interests in the Na Kika platform, associated offshore fields and the Coulomb tieback in the Gulf of America to subsidiaries of Talos Energy and Ridgewood Energy for a total consideration of $1.7 billion in cash. The transaction marks another significant step in Shell's strategy to simplify and strengthen its global energy portfolio, reflecting the company's disciplined approach to capital allocation and long-term value creation.
The agreement also underscores Shell's commitment to concentrating investments on assets capable of delivering sustainable returns while monetizing mature operations that no longer align with its long-term production priorities.
A Strategic Move Toward Higher-Value AssetsThe divestment includes Shell's interest in the Na Kika platform and associated fields, along with the Coulomb tieback. These assets contributed approximately 37,000 barrels of oil equivalent per day (boe/d) net to Shell during 2025. However, they are not expected to remain meaningful contributors to Shell's production profile by 2030, making this an opportune time to unlock value through a strategic sale.
The transaction between Shell and Talos Energy, each carrying a Zacks Rank #3 (Hold) at present, has an effective date of July 1, 2025, and is expected to close by the end of 2026, subject to customary regulatory approvals and closing conditions.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Maintaining Future Value Beyond the SaleWhile divesting these mature assets, Shell has carefully structured the transaction to preserve exposure to future opportunities.
The company will retain certain upside-linked payments tied to future asset performance, royalty interests associated with new Na Kika tieback developments and offtake rights that provide continued commercial benefits.
This balanced approach enables Shell to realize immediate value while maintaining participation in future developments should additional resources be brought online.
Assets With a Long Operating HistoryThe assets being sold have been important contributors to Shell's deepwater Gulf operations for decades.
BP p.l.c. (BP - Free Report) -operated Na Kika platform — Shell's only non-operated platform in the Gulf of America — commenced production in 2003, while production at the Coulomb field began in 2005. At the end of 2025, Shell reported proved reserves of approximately 4.3 million boe for Na Kika and 7.2 million boe for Coulomb.
BP is currently the operator of the Na Kika platform and owns the remaining 50% interest in the block. BP also retains a 30-day preferential purchase right related to the transaction.
Supporting Shell's Long-Term Energy StrategyThe divestment aligns with Shell's ongoing strategy of actively managing its global portfolio by directing capital toward assets capable of generating stronger long-term returns.
Rather than maintaining ownership of mature fields with declining strategic importance, Shell continues to optimize its upstream portfolio through selective acquisitions, targeted investments and disciplined asset sales. This approach strengthens financial flexibility while allowing the company to focus on projects that support profitable growth and resilient cash generation.
Portfolio optimization remains a core element of Shell's broader strategy to enhance shareholder value while adapting to evolving market dynamics and capital priorities.
Talos Energy Sees Growth OpportunityFor Talos Energy, the acquisition represents a strategic expansion of its deepwater Gulf operations. The company will acquire a 50% working interest and operatorship in the Coulomb field and a 25% non-operated working interest in the BP-operated Na Kika platform and the associated Kepler, Ariel, Fourier and Herschel fields.
The acquired interests produced approximately 16,000 boe/d during the first quarter of 2026, with nearly 77% consisting of oil. Talos Energy estimates the transaction will add roughly 23 million boe of proved reserves, along with approximately 10 million boe of probable reserves, creating additional development opportunities over the coming years.
Talos Energy intends to finance the acquisition through a combination of cash on hand and debt, supported by a $150 million increase in its borrowing base, while expecting the transaction to be immediately accretive to key financial metrics.
Looking AheadThe sale reinforces Shell's disciplined capital allocation strategy by monetizing mature Gulf of America assets while retaining selected future economic interests. By streamlining its upstream portfolio and focusing investment on higher-value opportunities, the company continues to strengthen its competitive position and maintain the flexibility needed to pursue long-term growth across its global energy business.
As the transaction progresses toward its expected closing by the end of 2026, it marks another important milestone in Shell's ongoing portfolio transformation and commitment to delivering sustainable value for its shareholders.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Considering buying TALO stock? Here’s what analysts think:
Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
, /PRNewswire/ -- Talos Energy Inc. ("Talos") (NYSE: TALO) today announced that Talos Production Inc. (the "Company"), a wholly owned subsidiary of Talos, has commenced an offering (the "Offering") of $800 million in aggregate principal amount of Second-Priority Senior Secured Notes due 2034 (the "New Notes"). The Company intends to use the net proceeds from the Offering to (i) fund a portion of the cash consideration for the Company's recently announced pending Gulf of America acquisition (the "Acquisition"), (ii) fund the redemption (the "Redemption") of all of the outstanding 9.000% Second-Priority Senior Secured Notes due 2029 issued by the Company (the "2029 Notes"), and (iii) pay related fees and expenses.
If the Acquisition is not consummated on or before December 31, 2026, if the Company notifies the trustee of the New Notes that it will not pursue the consummation of the Acquisition, or if the third-party preferential right to purchase certain assets subject to the Acquisition is exercised, then an aggregate of $175 million principal amount of the New Notes will be subject to a "special mandatory redemption" at a redemption price equal to 100% of the principal amount of the New Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.
It is expected that the New Notes will be guaranteed on a senior basis by Talos and certain of the Company's existing and future subsidiaries and will initially be secured on a second-priority basis by substantially the same collateral as the Company's existing first-priority obligations under its senior reserves-based revolving credit facility.
The New Notes are being offered in the United States only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to persons outside the United States only in compliance with Regulation S under the Securities Act. The New Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of the New Notes or any other security of the Company, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute a notice of redemption under the optional redemption provisions of the indenture governing the 2029 Notes.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven, innovative, independent energy company focused on safely maximizing long-term value through its Exploration & Production business in the United States Gulf of America and offshore Mexico. We leverage decades of technical and offshore operational expertise to acquire, explore, and produce assets in key geological trends while maintaining a focus on safe and efficient operations, environmental responsibility, and community impact.
INVESTOR RELATIONS CONTACT
Kyle Sahni
[email protected]
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This communication contains "forward-looking statements" within the meaning of U.S. Private Securities Litigation Reform Act of 1995. When used in this communication, the words "will," "could," "believe," "anticipate," "intend," "estimate," "expect," "project," "forecast," "may," "objective," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All statements, other than statements of historical fact included in this communication, are forward-looking statements, including, but not limited to, statements regarding the Company's plans to issue the New Notes and the intended use of the net proceeds therefrom, and the pending Acquisition. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.
We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, our ability to consummate the Acquisition on the terms currently contemplated, risks and uncertainties related to economic, market or business conditions, satisfaction of customary closing conditions related to the Offering, and the other risks discussed in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC"), our Quarterly Reports on Forms 10-Q filed with the SEC and our other filings with the SEC, all of which can be accessed at the SEC's website at www.sec.gov.
Should one or more of the risks or uncertainties described herein occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication.
, /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced the execution of a definitive agreement to jointly acquire certain deepwater assets in the Gulf of America from Shell Offshore Inc. ("Shell"), alongside an affiliate of Ridgewood Energy Corporation, for cash consideration of $850 million (net to Talos), subject to customary purchase price adjustments (the "Acquisition"). Talos expects its final net cash consideration to be approximately $450 - $500 million(1), based upon estimated interim cash flow from the acquired assets from the July 1, 2025 Acquisition effective date.
Strategic Rationale:
Enhances Scale with Significant Financial Accretion: Adds low-cost, high-margin, oil-weighted production and is expected to be immediately accretive to key financial metrics. Increases Reserves and Production with Future Development Upside: Adds proved reserves of approximately 23 million barrels of oil equivalent ("MMBoe") and 10 MMBoe of probable reserves, with additional operated Infrastructure‑Led Exploration (ILX) opportunities supporting future growth. Production for the first quarter 2026 was 16 thousand barrels of oil equivalent per day ("MBoe/d"), ~77% oil. Maintains Balance Sheet Strength and Financial Flexibility: The transaction is expected to be funded through a combination of cash on hand and debt, allowing Talos to maintain a strong balance sheet and leverage profile consistent with its disciplined capital allocation framework. Talos President and Chief Executive Officer Paul Goodfellow commented, "We are pleased to announce the acquisition of these high-quality deepwater assets directly aligned with Pillar Two of our strategy. The bolt-on is highly accretive, materially enhances free cash flow, and includes Infrastructure-Led Exploration opportunities where our field life extension track record can unlock value beyond current reserves. We also see a clear pathway for operated development activity to compete for capital beginning in 2027, further supporting long-term value creation as we continue to advance our strategy to build a long-lived, scaled portfolio and become the leading pure-play offshore E&P."
GULF OF AMERICA BOLT-ON ACQUISITION
The acquired assets include a 50% working interest and operatorship in the Coulomb field owned exclusively by Shell and a 25% non-operated working interest in the BP-operated Na Kika platform and four associated fields, including Kepler, Ariel, Fourier, and Herschel. Upon executing definitive agreements, Talos provided a deposit of $42.5 million in escrow, to be credited at close. Based upon estimated interim cash flow from the acquired assets from the July 1, 2025 Acquisition effective date, Talos expects its final net cash consideration to be approximately $450 - $500 million(1), excluding the deposit. The working interests in the BP-operated Na Kika platform and associated fields are subject to a 30-day preferential right by affiliates of BP, which, if exercised, would result in Talos only acquiring a 50% working interest and operatorship in the Coulomb field.
First quarter 2026 average production for the interests Talos is acquiring was approximately 16 MBoe/d (~77% oil). The acquired assets include approximately 23 MMBoe of proved reserves and probable reserves of 10 MMBoe, based on NSAI SEC year-end 2025 reserves report, net to Talos and net of P&A.
Other commercial terms of the agreement include a 50% upside sharing agreement effective at closing through year-end 2027 subject to commodity-price-based thresholds if realized price exceeds $60/Bbl as well as certain other contingencies and agreements.
The Acquisition is expected to close by the end of 2026, subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the expiration of applicable preferential purchase rights with respect to applicable Na Kika interests.
TRANSACTION FINANCING
The Company expects to fund the Acquisition through a combination of cash on hand and debt. In connection with the transaction, Talos has secured $150 million of incremental commitments from its existing lenders, increasing the Company's borrowing base from the current $700 million to $850 million, subject to and effective upon closing the Acquisition.
Talos Executive Vice President and Chief Financial Officer Zach Dailey added, "This strategic transaction in the Gulf of America is expected to be immediately accretive to key financial metrics and deliver long-term value while maintaining balance sheet strength and preserving financial flexibility. Importantly, the increased borrowing base reflects strong confidence from our lenders in the quality of the acquired assets, Talos's base business, and the financial framework that underpins our strategy. On a pro forma basis, we expect to maintain leverage consistent with our financial framework."
OPERATIONS UPDATE AND 2026 GUIDANCE
The Company successfully completed the Genovesa workover and returned the well to production late in the second quarter of 2026, consistent with its previous guidance.
As recently announced by the operator, the first Monument development well was successfully drilled to its total measured depth of 32,250 feet and encountered 245 feet of net pay confirming pre-drill expectations. Drilling is set to commence on the second development well followed by completion operations on both wells. First oil is expected by late 2026.
The Company expects to update its 2026 operating and financial guidance for the Acquisition following closing.
ADVISORS
Greenhill, a Mizuho affiliate, served as exclusive financial advisor to Talos on the Acquisition.
Footnotes:
(1) Assumes estimated closing date of September 1, 2026.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven, innovative, independent energy company focused on safely maximizing long-term value through its Exploration & Production business in the United States Gulf of America and offshore Mexico. We leverage decades of technical and offshore operational expertise to acquire, explore, and produce assets in key geological trends while maintaining a focus on safe and efficient operations, environmental responsibility, and community impact. For more information, visit www.talosenergy.com.
INVESTOR RELATIONS CONTACT
Kyle Sahni
[email protected]
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This communication may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this communication, the words "will," "could," "believe," "anticipate," "intend," "estimate," "expect," "project," "forecast," "may," "objective," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All statements, other than statements of historical fact included in this communication, are forward-looking statements, including, but not limited to, statements regarding our plans and expectations regarding the Acquisition, including the anticipated financing, timing and benefits of the Acquisition, the anticipated impact of the Acquisition on our financial position, growth opportunities and competitive position, and our projected costs, prospects, plans and objectives of management. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.
We caution you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. These risks include, but are not limited to, our ability to consummate the Acquisition on the terms currently contemplated, including the risk that we or other parties to the transaction may be unable to satisfy the conditions to closing the Acquisition; our ability to realize the anticipated benefits of the Acquisition; the risk that BP exercises its preferential right with respect to the Na Kika facilities and associated fields; changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments; reservoir performance; the outcome of future exploration efforts; timely completion of development projects; technical or operating factors; the uncertainty inherent in projecting ultimate recoverable resources and future rates of production and cash flows and access to capital; the timing of development expenditures; potential adverse reactions or competitive responses to our acquisitions and other transactions, including the proposed Acquisition; risks and uncertainties related to economic, market or business conditions; and the other risks and uncertainties discussed in our most recently filed Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other Securities and Exchange Commission filings.
Should one or more of the risks or uncertainties described herein occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements. All forward-looking statements, expressed or implied, included in this communication are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this communication.
Assenagon Asset Management S.A. cut its position in Talos Energy Inc. (NYSE:TALO – Free Report) by 53.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,645 shares of the company’s stock after selling 203,423 shares during the period. Assenagon Asset Management S.A. owned 0.10% of Talos Energy worth $1,936,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sourcerock Group LLC boosted its holdings in Talos Energy by 11.0% in the second quarter. Sourcerock Group LLC now owns 11,193,177 shares of the company’s stock worth $94,918,000 after acquiring an additional 1,110,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Talos Energy by 25.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,965,543 shares of the company’s stock valued at $28,440,000 after acquiring an additional 592,509 shares during the period. American Century Companies Inc. increased its holdings in shares of Talos Energy by 8.6% during the third quarter. American Century Companies Inc. now owns 5,765,905 shares of the company’s stock valued at $55,295,000 after acquiring an additional 455,409 shares in the last quarter. CSM Advisors LLC bought a new stake in shares of Talos Energy during the third quarter valued at approximately $3,807,000. Finally, Soviero Asset Management LP acquired a new position in shares of Talos Energy during the third quarter worth approximately $3,644,000. 89.35% of the stock is owned by institutional investors.
Analysts Set New Price Targets TALO has been the topic of a number of recent research reports. Wall Street Zen cut Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Citigroup upped their price objective on shares of Talos Energy from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. KeyCorp raised their price objective on shares of Talos Energy from $12.00 to $13.50 and gave the company an “overweight” rating in a research note on Friday, December 5th. Mizuho lifted their price objective on shares of Talos Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Finally, Benchmark downgraded shares of Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.63.
Get Our Latest Analysis on TALO
Talos Energy Stock Down 1.4% TALO stock opened at $16.35 on Tuesday. The firm has a market capitalization of $2.75 billion, a PE ratio of -5.76 and a beta of 0.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.57. Talos Energy Inc. has a twelve month low of $6.23 and a twelve month high of $17.00. The stock’s 50 day moving average is $13.16 and its 200-day moving average is $11.41.
Talos Energy (NYSE:TALO – Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.17). The company had revenue of $392.24 million for the quarter, compared to the consensus estimate of $431.22 million. Talos Energy had a negative return on equity of 6.59% and a negative net margin of 27.77%.The company’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. Sell-side analysts expect that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.
Talos Energy Company Profile (Free Report)
Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.
Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.
Further Reading Five stocks we like better than Talos Energy
Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEAssenagon Asset Management S.A. Sells 38,199 Shares of Assurant, Inc. $AIZ
NEXT HEADLINE »Assenagon Asset Management S.A. Lowers Stock Holdings in ATI Inc. $ATI
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.
Now that we know how important earnings and earnings surprises are, it's time to show investors how to take advantage of these events to boost their returns by utilizing the Zacks Earnings ESP filter.
The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Valero Energy?The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Valero Energy (VLO - Free Report) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $3.08 a share 29 days away from its upcoming earnings release on April 30, 2026.
VLO has an Earnings ESP figure of +10.54%, which, as explained above, is calculated by taking the percentage difference between the $3.08 Most Accurate Estimate and the Zacks Consensus Estimate of $2.79. Valero Energy is one of a large database of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
VLO is part of a big group of Oils and Energy stocks that boast a positive ESP, and investors may want to take a look at Talos Energy (TALO - Free Report) as well.
Talos Energy, which is readying to report earnings on May 4, 2026, sits at a Zacks Rank #2 (Buy) right now. Its Most Accurate Estimate is currently $0.07 a share, and TALO is 33 days out from its next earnings report.
For Talos Energy, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of -$0.22 is +131.82%.
VLO and TALO's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
HOUSTON, April 2, 2026 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) intends to release first quarter 2026 results for the period ended March 31, 2026, on Tuesday, May 5, 2026, after the U.S. financial market closes. In addition to this release, Talos will host a conference call, broadcast live over the internet, on Wednesday, May 6, 2026, at 10:00 AM Eastern Time (9:00 AM Central Time).
Talos Energy Inc. (NYSE:TALO – Get Free Report) shares gapped up before the market opened on Thursday after KeyCorp raised their price target on the stock from $15.00 to $21.00. The stock had previously closed at $14.93, but opened at $15.81. KeyCorp currently has an overweight rating on the stock. Talos Energy shares last traded at $15.9330, with a volume of 211,736 shares trading hands.
Several other research analysts also recently commented on TALO. Mizuho increased their price objective on shares of Talos Energy from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Wall Street Zen cut Talos Energy from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Benchmark downgraded Talos Energy from a “buy” rating to a “hold” rating in a research report on Thursday, March 5th. Citigroup increased their price target on Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Talos Energy has a consensus rating of “Hold” and an average target price of $17.50.
Check Out Our Latest Stock Report on Talos Energy
Insider Buying and Selling In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of Talos Energy stock in a transaction on Friday, March 27th. The shares were sold at an average price of $16.68, for a total value of $22,551,360.00. Following the completion of the transaction, the insider directly owned 41,233,604 shares of the company’s stock, valued at $687,776,514.72. This trade represents a 3.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.36% of the stock is owned by company insiders.
Key Stories Impacting Talos Energy Here are the key news stories impacting Talos Energy this week:
Positive Sentiment: KeyCorp raised its price target on TALO to $21 and assigned an “overweight” rating, implying meaningful upside vs. the current price — a catalyst that likely pushed buying interest. Benzinga Neutral Sentiment: Talos scheduled first‑quarter 2026 results for release after the close on May 5, with a conference call on May 6 — an imminent event that will likely drive short-term volatility depending on production, realized prices, and guidance. PR Newswire Neutral Sentiment: Recent coverage from Zacks highlights TALO as a momentum/energy sector idea — useful for sentiment and retail interest but not a guaranteed fundamental driver. Zacks Momentum Piece Neutral Sentiment: Analysts’ consensus rating sits at “Hold,” indicating mixed professional views; pockets of bullishness (KeyCorp) are being balanced by caution elsewhere. Analyst Consensus Negative Sentiment: Control Empresarial De Capital sold large blocks of TALO stock (960,000 shares on 3/26 and 1,352,000 shares on 3/27), reducing its stake by several percent — significant insider selling that can weigh on sentiment even if proceeds are for diversification/liquidity. SEC filing link: SEC Form 4 Negative Sentiment: Recent media coverage includes headlines about the stock “nosediving” in some outlets, reflecting short‑term volatility and negative sentiment that could pressure the price if echoed by broader market commentary. MSN Institutional Inflows and Outflows Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of Talos Energy by 11.8% in the 1st quarter. Royal Bank of Canada now owns 28,590 shares of the company’s stock worth $278,000 after purchasing an additional 3,007 shares during the period. AQR Capital Management LLC raised its holdings in Talos Energy by 152.1% during the 1st quarter. AQR Capital Management LLC now owns 90,915 shares of the company’s stock valued at $884,000 after buying an additional 54,854 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Talos Energy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 86,196 shares of the company’s stock valued at $838,000 after buying an additional 3,783 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Talos Energy by 16.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,183,496 shares of the company’s stock worth $21,224,000 after buying an additional 304,205 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Talos Energy by 132.7% in the second quarter. JPMorgan Chase & Co. now owns 386,641 shares of the company’s stock worth $3,279,000 after buying an additional 220,502 shares during the last quarter. Institutional investors own 89.35% of the company’s stock.
Talos Energy Price Performance The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $2.64 billion, a PE ratio of -5.51 and a beta of 0.35. The firm’s 50 day simple moving average is $13.41 and its 200 day simple moving average is $11.51.
Talos Energy (NYSE:TALO – Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.17). The firm had revenue of $392.24 million during the quarter, compared to analysts’ expectations of $431.22 million. Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The company’s revenue was down 19.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. As a group, research analysts anticipate that Talos Energy Inc. will post -0.44 EPS for the current fiscal year.
About Talos Energy (Get Free Report)
Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.
Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.
Featured Stories Five stocks we like better than Talos Energy Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEWoodward (NASDAQ:WWD) Upgraded at Wells Fargo & Company
NEXT HEADLINE »StandardAero (NYSE:SARO) Upgraded at Wells Fargo & Company
SG Americas Securities LLC raised its stake in shares of Talos Energy Inc. (NYSE: TALO) by 292.6% in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268,362 shares of the company's stock after purchasing an additional 200,000 shares during the period. SG
2,312,000 shares were sold directly for a total value of approximately $38.5 million across two open-market trades on March 26 and March 27, 2026. The sale represented 5.31% of Control Empresarial de Capitales S.A.
JPMorgan Chase & Co. trimmed its position in Talos Energy Inc. (NYSE:TALO – Free Report) by 40.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 230,978 shares of the company’s stock after selling 155,663 shares during the period. JPMorgan Chase & Co. owned approximately 0.14% of Talos Energy worth $2,215,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in Talos Energy by 142.9% in the third quarter. Larson Financial Group LLC now owns 3,301 shares of the company’s stock worth $32,000 after purchasing an additional 1,942 shares during the period. Smartleaf Asset Management LLC lifted its position in Talos Energy by 134.4% in the second quarter. Smartleaf Asset Management LLC now owns 3,703 shares of the company’s stock worth $32,000 after purchasing an additional 2,123 shares during the period. Quarry LP acquired a new stake in Talos Energy in the third quarter worth approximately $36,000. PNC Financial Services Group Inc. lifted its position in Talos Energy by 22.7% in the third quarter. PNC Financial Services Group Inc. now owns 5,679 shares of the company’s stock worth $54,000 after purchasing an additional 1,049 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Talos Energy by 395.5% in the second quarter. EverSource Wealth Advisors LLC now owns 6,560 shares of the company’s stock worth $56,000 after purchasing an additional 5,236 shares during the period. 89.35% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Talos Energy In other Talos Energy news, insider Control Empresarial De Capital sold 1,352,000 shares of the business’s stock in a transaction on Friday, March 27th. The shares were sold at an average price of $16.68, for a total transaction of $22,551,360.00. Following the sale, the insider directly owned 41,233,604 shares of the company’s stock, valued at $687,776,514.72. The trade was a 3.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.
Talos Energy Price Performance Shares of NYSE:TALO opened at $15.91 on Tuesday. The company’s fifty day moving average is $13.58 and its two-hundred day moving average is $11.62. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.57. Talos Energy Inc. has a 12-month low of $6.23 and a 12-month high of $17.00. The company has a market cap of $2.68 billion, a P/E ratio of -5.60 and a beta of 0.35.
Talos Energy (NYSE:TALO – Get Free Report) last announced its earnings results on Tuesday, February 24th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.17). Talos Energy had a negative net margin of 27.77% and a negative return on equity of 6.59%. The firm had revenue of $392.24 million for the quarter, compared to analyst estimates of $431.22 million. During the same period last year, the firm earned $0.08 earnings per share. Talos Energy’s revenue for the quarter was down 19.2% compared to the same quarter last year. Equities analysts expect that Talos Energy Inc. will post -0.44 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In A number of equities research analysts have weighed in on the company. Mizuho upped their target price on Talos Energy from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Talos Energy in a report on Monday, December 29th. Citigroup upped their price target on Talos Energy from $16.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Wall Street Zen raised Talos Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, KeyCorp upped their price target on Talos Energy from $15.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, April 2nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Talos Energy currently has an average rating of “Hold” and an average price target of $17.50.
Read Our Latest Analysis on Talos Energy
Talos Energy Company Profile (Free Report)
Talos Energy Inc is an independent oil and gas exploration and production company headquartered in Houston, Texas. Founded in 2012 by industry veterans Tim Duncan and Jeremy Rights, the firm completed its initial public offering in 2021 and trades on the New York Stock Exchange under the ticker symbol TALO. The company’s core operations focus on the acquisition, exploration, development and production of offshore hydrocarbon reserves, with a primary emphasis on the U.S. Gulf of Mexico basin.
Talos Energy’s asset portfolio spans deepwater and shelf opportunities in the Gulf of Mexico, where it holds interests in several producing fields and exploration blocks.
Featured Articles Five stocks we like better than Talos Energy Want to see what other hedge funds are holding TALO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Talos Energy Inc. (NYSE:TALO – Free Report).
Receive News & Ratings for Talos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talos Energy and related companies with MarketBeat.com's FREE daily email newsletter.
Talos Energy continues to deliver disciplined execution, stable production, and robust free cash flow, supporting my maintained Buy rating. TALO's 2026 guidance targets 85-90 Mboe/d production amid planned downtime and natural decline, with high CAPEX ($500-550M) reflecting capital intensity. Nearly half of 2026 Q1 production is hedged, limiting both downside and upside exposure to oil price swings in the short term.
Talos Energy is a leading offshore oil and gas producer in the Gulf of Mexico and offshore Mexico, with a BUY rating supported by a 42% NAV upside. TALO's operational excellence, cost leadership—operating costs 30% below peers—and infrastructure-led development drive high margins and stable production. Recent geopolitical events and rising crude oil prices provide strong short-term tailwinds for TALO's earnings and cash flow outlook.
Talos Energy (TALO - Free Report) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 5. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis independent oil and gas company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -250%.
Revenues are expected to be $433.71 million, down 15.5% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 155.07% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Talos Energy?For Talos Energy, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination makes it difficult to conclusively predict that Talos Energy will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Talos Energy would post a loss of$0.27 per share when it actually produced a loss of -$0.44, delivering a surprise of -62.96%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Talos Energy doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
On April 29, 2026, Talos Energy Inc (TALO) shares rose by 3.1%, bringing the current price to $15.99. The stock has experienced a significant price fluctuation
HOUSTON, May 5, 2026 /PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced its operational and financial results for the three months ended March 31, 2026. Talos also provided second quarter 2026 guidance for production and reiterated its operational and financial guidance for the full-year 2026.
Talos Energy (TALO) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to earnings of $0.06 per share a year ago.
Although the revenue and EPS for Talos Energy (TALO) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
On June 08, 2026, Talos Energy Inc TALO shares rose 3.5% today, bringing the current price to $14.95. The stock has experienced a 52-week range of $7.67 to $17.05.
GF Value™ verdict: Current price is $14.95 compared to a GF Value™ of $10.20, indicating it is 46.6% overvalued. GF Score™ of 60/100, which is considered above average. Most notable signal: Insiders sold $51.4M in the last 3 months with no buying activity reported. Is TALO Overvalued or Undervalued? According to the GF Value™, Talos Energy Inc TALO is currently trading at $14.95, which is significantly above its GF Value™ of $10.20. This represents a 46.6% overvaluation, suggesting that the stock may not be a compelling investment at this price level. The GF Valuation label indicates that the stock is significantly overvalued, which raises concerns about the sustainability of the current price amidst broader market fluctuations.
The difference between the current price and the GF Value™ reflects a lack of margin of safety for potential investors. A significant overvaluation can pose risks, particularly if the company's performance does not meet market expectations, leading to a possible decline in share price. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does TALO's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 25.3x 8.4x Talos Energy's current P/E ratio of 25.3x is significantly higher than its 5-year median P/E of 8.4x. This indicates that the stock is trading above its historical valuation levels. The elevated P/E ratio aligns with the GF Value™ assessment of being overvalued, suggesting that the stock may be priced for growth that could be difficult to achieve, adding further caution to its current valuation.
What Does TALO's GF Score™ Tell Us? Metric Rating GF Score™ 60/100 Financial Strength 4/10 Profitability 5/10 Growth 3/10 Valuation 5/10 Momentum 3/10 The GF Score™ of 60/100 indicates an above-average performance compared to peers. The strongest area is profitability, rated 5/10. However, the growth rank of 3/10 suggests that Talos Energy may face challenges in expanding its business. Additionally, the financial strength score of 4/10 raises concerns about the company's stability, while the momentum rank of 3/10 reflects mixed short-term performance.
What Are Insiders Doing with TALO Stock? In the last three months, insiders sold $51.4 million worth of shares with no reported purchases. This pattern of significant insider selling may indicate a lack of confidence among those closest to the company regarding future performance or valuation. Such insider activity can often signal potential concerns about the company's prospects.
What This Means for Investors Based on the GF Value™ assessment, Talos Energy Inc TALO is considered overvalued at its current price of $14.95. The significant gap between the current price and the GF Value™ suggests that potential investors should exercise caution.
For the complete analysis, visit the Talos Energy Inc TALO stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is TALO's GF Score™?
TALO's GF Score™ is 60/100, indicating an above-average performance compared to its peers.
Is TALO overvalued or undervalued?
TALO is considered overvalued based on the GF Value™, which is $10.20 compared to the current price of $14.95.
What is TALO's P/E ratio?
TALO's current P/E (TTM) is 25.3x, which is significantly higher than its historical median P/E of 8.4x.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
