An investigation on behalf of investors of Talos Energy Inc. (NYSE: TALO) shares over potential securities laws violations by Talos Energy Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Talos Energy Inc. (NYSE: TALO) concerning whether a series of statements by Talos Energy Inc. (regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Houston, TX based 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. Talos Energy Inc. reported that its annual Total Revenue rose from $412.82 million in 2017 to $891.28 million in 2018 and that its Net Loss of $62.86 million in 2017 turned into a Net Income of $221.54 million in 2018.

Shares of Talos Energy Inc. (NYSE: TALO) declined from $31.34 per share on January 7, 2020 to as low as $18.65 per share on February 6, 2020.