Talisman Energy Target of Unusually Large Options Trading (TLM)
Shares of Talisman Energy (NYSE:TLM) saw unusually large options trading on Friday. Stock traders acquired 8,963 call options on the company, Stock Ratings News reports. This represents an increase of approximately 312% compared to the average daily volume of 2,173 call options.
A number of research firms have recently commented on TLM. Analysts at Credit Suisse downgraded shares of Talisman Energy from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Talisman Energy in a research note on Thursday, July 24th. They now have a $12.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Talisman Energy in a research note on Friday, July 18th. They now have a $14.00 price target on the stock, up previously from $13.00. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Talisman Energy presently has an average rating of “Hold” and an average target price of $12.63.
Shares of Talisman Energy (NYSE:TLM) traded up 2.57% on Friday, hitting $10.76. 12,256,183 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 $10.37 and its 200-day moving average is $10.37. The company’s market cap is $11.124 billion.
Talisman Energy (NYSE:TLM) last released its earnings data on Tuesday, July 29th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.29. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, analysts predict that Talisman Energy will post $0.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.0675 per share. This represents a $0.27 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, September 11th.
Talisman Energy Inc (NYSE:TLM), is an oil and gas producers, through a combination of exploration, development and acquisitions.
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