Talisman Energy Receives Neutral Rating from Zacks (TLM)
Talisman Energy (NYSE:TLM)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Thursday, Analyst Ratings.Net reports. They currently have a $13.00 target price on the stock. Zacks‘ price objective indicates a potential upside of 4.67% from the stock’s previous close.
Zacks‘ analyst wrote, “We are maintaining our Neutral recommendation on Talisman Energy shares, reflecting its balanced risk/reward prospects. Taking a cautious view of volatile gas prices, Talisman’s capital program specifically focuses on the promising North American liquids-rich areas, which is a major shift away from dry natural gas development. TLM plans to trim its current year capex by 25% from 2012 levels, while still managing to maintain stable production. While subscribing to management’s outlook, we believe the realignment of Talisman will take some time to bear results. Questions about the company’s sustainable operational efficiency and execution abilities also remain key areas of concern, in our view. As such, we see the stock performing in line with the broader market.”
Talisman Energy (NYSE:TLM) traded down 2.09% on Thursday, hitting $12.16. The stock had a trading volume of 4,999,560 shares. Talisman Energy has a 1-year low of $10.34 and a 1-year high of $13.59. The stock’s 50-day moving average is $11.02 and its 200-day moving average is $11.44. The company’s market cap is $12.529 billion. Talisman Energy also was the target of some unusual options trading activity on Tuesday. Stock traders purchased 14,653 call options on the company. This is an increase of 488% compared to the average volume of 2,490 call options.
Talisman Energy (NYSE:TLM) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.09 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was down 34.2% on a year-over-year basis. On average, analysts predict that Talisman Energy will post $-0.04 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on TLM. 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $13.75.
Talisman Energy Inc (NYSE:TLM) is a global, diversified, upstream oil and gas company.
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