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CIBC cut their target price on shares of Talisman Energy (NYSE:TLM) from $11.75 to $11.25 in a research note issued on Thursday. The firm currently has a “sector perform” rating on the stock. CIBC’s target price indicates a potential upside of 14.56% from the company’s current price.

Shares of Talisman Energy (NYSE:TLM) traded down 2.00% on Thursday, hitting $9.82. The stock had a trading volume of 2,292,130 shares. Talisman Energy has a 1-year low of $9.63 and a 1-year high of $13.38. The stock’s 50-day moving average is $10.34 and its 200-day moving average is $10.51. The company’s market cap is $10.152 billion.

Talisman Energy (NYSE:TLM) last posted its quarterly earnings results 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. On average, analysts predict that Talisman Energy will post $0.29 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Bernstein reiterated an “outperform” rating on shares of Talisman Energy in a research note on Monday, June 23rd. They now have a $13.50 price target on the stock, down previously from $15.00. Separately, analysts at TheStreet upgraded shares of Talisman Energy to a “hold” rating in a research note on Thursday, June 19th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.25.

Talisman Energy Inc (NYSE:TLM), is an oil and gas producers, through a combination of exploration, development and acquisitions.

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