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Talisman Energy (NYSE:TLM)’s share price reached a new 52-week low during trading on Wednesday following a weaker than expected earnings announcement, Stock Ratings News reports. The stock traded as low as $10.34 and last traded at $10.83, with a volume of 9,030,772 shares trading hands. The stock had previously closed at $10.61.

The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.10. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was down 44.1% on a year-over-year basis.

Several analysts have recently commented on the stock. Analysts at Tudor Pickering downgraded shares of Talisman Energy from a “buy” rating to an “accumulate” rating in a research note on Friday, January 24th. Analysts at Zacks reiterated a “neutral” rating on shares of Talisman Energy in a research note on Thursday, December 19th. They now have a $12.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.83.

The stock has a 50-day moving average of $11.2 and a 200-day moving average of $11.51. The company has a market cap of $11.262 billion and a price-to-earnings ratio of 117.89.

Talisman Energy Inc (NYSE:TLM) is a global, diversified, upstream oil and gas company.

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