Talisman Energy Receives Average Rating of “Hold” from Brokerages (NYSE:TLM)
Talisman Energy (NYSE:TLM) has been given an average recommendation of “Hold” by the eight ratings firms that are covering the company, AmericanBankingNews.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $12.20.
Talisman Energy (NYSE:TLM) traded down 1.97% during mid-day trading on Friday, hitting $10.47. The stock had a trading volume of 992,066 shares. Talisman Energy has a one year low of $9.63 and a one year high of $13.38. The stock’s 50-day moving average is $10.32 and its 200-day moving average is $11.06. The company’s market cap is $10.805 billion.
Talisman Energy (NYSE:TLM) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.41. During the same quarter last year, the company posted ($0.06) earnings per share. Analysts expect that Talisman Energy will post $0.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.0675 per share. This represents a $0.27 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, June 11th.
Several analysts have recently commented on the stock. Analysts at CIBC set a $11.75 price target on shares of Talisman Energy in a research note on Thursday. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Talisman Energy in a research note on Thursday. They now have a $12.00 price target on the stock, down previously from $13.00. Finally, analysts at Barclays raised their price target on shares of Talisman Energy from $12.00 to $13.00 in a research note on Tuesday, April 22nd. They now have an “equal weight” rating on the stock.
Talisman Energy Inc (NYSE:TLM), is an oil and gas producers, through a combination of exploration, development and acquisitions.
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