Talisman Energy Target of Unusually Large Options Trading (TLM)
Shares of Talisman Energy (NYSE:TLM) saw unusually large options trading activity on Tuesday. Stock investors purchased 23,651 put options on the stock, StockRatingsNetwork.com reports. This represents an increase of approximately 1,183% compared to the average daily volume of 1,843 put options.
A number of analysts have recently weighed in on TLM shares. Analysts at JPMorgan Chase & Co. downgraded shares of Talisman Energy (NYSE:TLM) from an “overweight” rating to an “underperform” rating in a research note to investors on Thursday, July 18th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Talisman Energy (NYSE:TLM) in a research note to investors on Wednesday, July 17th. They now have a $12.00 price target on the stock.
Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Talisman Energy currently has a consensus rating of “Hold” and an average price target of $13.65.
Shares of Talisman Energy (NYSE:TLM) traded down 0.73% during mid-day trading on Tuesday, hitting $10.93. The stock had a trading volume of 7,140,927 shares. Talisman Energy has a 52-week low of $10.34 and a 52-week high of $13.85. The stock has a 50-day moving average of $10.92 and a 200-day moving average of $11.47. The company’s market cap is $11.262 billion.
Talisman Energy (NYSE:TLM) last released its earnings data on Wednesday, July 31st. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.07. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.39 million. During the same quarter last year, the company posted $0.07 earnings per share. Talisman Energy’s revenue was down 34.2% compared to the same quarter last year. Analysts expect that Talisman Energy will post $-0.03 EPS for the current fiscal year.
Talisman Energy Inc (NYSE:TLM) is a global, diversified, upstream oil and gas company.
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