Talos Energy Stock Fair Value – TALOS ENERGY Announces Q2 Earnings for FY2023, As of June 30 2023
August 15, 2023
☀️Earnings Overview
On August 8 2023, TALOS ENERGY ($NYSE:TALO) announced financial results for the second quarter of FY2023, ending June 30 2023. Total revenue for the quarter amounted to USD 367.2 million, a decrease of 29.3% compared to the same period in the prior year. Net income for the period was USD 13.7 million – a 93.0% decrease from the same quarter of the previous year.
Price History
On Tuesday, TALOS ENERGY announced their Q2 FY2023 earnings, as of June 30 2023. The company’s stock opened at $16.3 and closed at $16.5, up by 0.6% from the previous closing price of 16.4. This increase was welcomed by investors who have been anticipating further profits since the start of the fiscal year. The company’s focus on diversifying its energy sources has resulted in strong growth over the past year. TALOS Energy has been expanding its operations into new regions such as the Gulf of Mexico and the Caribbean and has seen increased success there as well. In addition to its strong financial performances, TALOS Energy has taken numerous steps to ensure that it remains in compliance with all environmental regulations.
The company has implemented several programs to reduce its carbon footprint, and is committed to creating a sustainable energy future. Overall, TALOS ENERGY announced positive earnings for its second quarter of FY2023, and investors are encouraged by the company’s increasing profits and commitment to sustainability. As TALOS Energy continues to expand and diversify, there is great potential for further growth and success in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Talos Energy. More…
| Total Revenues | Net Income | Net Margin |
| 1.41k | 356.75 | 18.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Talos Energy. More…
| Operations | Investing | Financing |
| 632.46 | -507.33 | -115.11 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Talos Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.81k | 2.74k | 16.42 |
Key Ratios Snapshot
Some of the financial key ratios for Talos Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.8% | 572.8% | 32.9% |
| FCF Margin | ROE | ROA |
| 43.7% | 14.1% | 6.0% |
Analysis – Talos Energy Stock Fair Value
At GoodWhale, we have taken a look at TALOS ENERGY‘s financials and have arrived at a fair value of $11.6 for each share of the company, as calculated by our proprietary Valuation Line. That said, the stock is currently being traded at $16.5 – a price that is overvalued by 41.9%. This presents an opportunity for investors who are looking to capitalize on this market inefficiency. More…
Peers
Talos Energy Inc is an oil and gas exploration and production company with operations in the U.S. Gulf of Mexico and offshore Mexico. The company was founded in 2010 and is headquartered in Houston, Texas. Talos Energy’s competitors include SM Energy Co, Enwell Energy PLC, and Northern Oil & Gas Inc.
– SM Energy Co ($NYSE:SM)
SM Energy Co is an American oil and gas company headquartered in Denver, Colorado. As of December 31, 2020, the company had 1.4 billion barrels of oil equivalent of proved reserves, all located in the United States. In 2020, the company’s production averaged 188 thousand barrels of oil equivalent per day.
SM Energy Co’s market cap is 5.39B as of 2022. The company has a Return on Equity of 31.47%. SM Energy Co is engaged in the exploration, development, and production of oil and gas properties. The company’s operations are focused in onshore North America, specifically in the Permian Basin, South Texas, the Gulf Coast, and the Rocky Mountains.
– Enwell Energy PLC ($LSE:ENW)
Enwell Energy PLC is an oil and gas exploration and production company with a focus on the UK North Sea. The company has a market capitalization of £78.88 million and a return on equity of 30.22%. Enwell Energy’s main activities include the exploration, development and production of oil and gas assets in the UK North Sea.
– Northern Oil & Gas Inc ($NYSE:NOG)
As of 2022, Northern Oil & Gas Inc has a market cap of 2.7B and a Return on Equity of 320.51%. The company is engaged in the exploration and production of oil and gas in the United States.
Summary
Investors should pay close attention to Talos Energy‘s recent Q2 earnings results for FY2023 that were reported on August 8 2023. Total revenue for the quarter was USD 367.2 million, a decrease of 29.3% from the previous year, and net income was USD 13.7 million, a decrease of 93.0% from the same period in the prior year. These results may cause investors to be wary of investing in Talos Energy, as the company appears to be struggling to drive growth in the current market. Investors should carefully consider the risks versus rewards of investing in Talos Energy before making any decisions.
