Investors Buy Large Volume of Talisman Energy Put Options (TLM)
Talisman Energy (NYSE:TLM) was the target of some unusual options trading activity on Tuesday. Investors bought 25,400 put options on the company, AR Network reports. This is an increase of 657% compared to the typical daily volume of 3,356 put options.
A number of research firms have recently commented on TLM. Analysts at Zacks reiterated a “neutral” rating on shares of Talisman Energy in a research note to investors on Thursday, October 3rd. They now have a $13.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Talisman Energy from an “overweight” rating to an “underperform” rating in a research note to investors on Thursday, July 18th. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Talisman Energy from a “neutral” rating to an “underweight” rating in a research note to investors on Thursday, July 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $13.75.
Talisman Energy (NYSE:TLM) opened at 12.45 on Wednesday. Talisman Energy has a 52-week low of $10.34 and a 52-week high of $13.43. The stock’s 50-day moving average is $11.21 and its 200-day moving average is $11.45. The company’s market cap is $12.828 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.
Talisman Energy Inc (NYSE:TLM) is a global, diversified, upstream oil and gas company.
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