Bernstein Reiterates “Outperform” Rating for Talisman Energy (TLM)
Talisman Energy (NYSE:TLM)‘s stock had its “outperform” rating restated by Bernstein in a research note issued on Monday. They currently have a $13.50 price target on the stock, down from their previous price target of $15.00. Bernstein’s price objective would indicate a potential upside of 25.12% from the stock’s previous close.
Shares of Talisman Energy (NYSE:TLM) traded down 0.23% during mid-day trading on Monday, hitting $10.765. 977,474 shares of the company’s stock traded hands. Talisman Energy has a 52-week low of $9.63 and a 52-week high of $13.38. The stock’s 50-day moving average is $10.4 and its 200-day moving average is $10.69. The company’s market cap is $11.129 billion.
Talisman Energy (NYSE:TLM) last released its earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.41. During the same quarter in the previous year, the company posted ($0.06) earnings per share. Analysts expect that Talisman Energy will post $0.26 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of Talisman Energy to a “hold” rating in a research note on Thursday. Separately, analysts at Zacks upgraded shares of Talisman Energy from an “underperform” rating to a “neutral” rating in a research note on Friday, May 16th. They now have a $11.00 price target on the stock. Finally, analysts at CIBC set a $11.75 price target on shares of Talisman Energy in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.71.
Talisman Energy Inc (NYSE:TLM), is an oil and gas producers, through a combination of exploration, development and acquisitions.
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