Raymond James Upgrades Talisman Energy to Outperform (TLM)

By admin | 6 years ago

Talisman Energy (NYSE: TLM) was upgraded by equities researchers at Raymond James (NYSE: RJF) from a “market perform” rating to an “outperform” rating in a report issued on Thursday.

Shares of Talisman Energy traded down 3.66% during mid-day trading on Thursday, hitting $10.8577. Talisman Energy has a one year low of $10.75 and a one year high of $21.50. The company has a market cap of $11.145 billion and a P/E ratio of 11.98.

Talisman Energy last issued its quarterly earnings data on Tuesday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.03. On average, analysts predict that Talisman Energy will post $0.17 earnings per share next quarter.

A number of other firms have also recently commented on TLM. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Talisman Energy in a research note to investors on Wednesday, May 2nd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Talisman Energy in a research note to investors on Monday, March 19th. They now have a $14.00 price target on the stock. Finally, analysts at Global Hunter Securities initiated coverage on shares of Talisman Energy in a research note to investors on Wednesday, March 7th. They set a “neutral” rating and a $14.50 price target on the stock.

Talisman Energy Inc. (Talisman) is an independent oil and gas producer. Talisman’s main business activities include exploration, development, production, transportation and marketing of crude oil, natural gas and natural gas liquids.

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