TD Securities Lowers Talisman Energy to Buy (TLM)

By admin | 6 years ago

Talisman Energy (NYSE: TLM) was downgraded by equities researchers at TD Securities to a “buy” rating in a report issued on Friday.

Talisman Energy traded down 3.18% on Friday, hitting $10.495. Talisman Energy has a 1-year low of $10.75 and a 1-year high of $24.76. The company has a market cap of $10.773 billion and a price-to-earnings ratio of 11.52.

Talisman Energy last released its earnings data on Tuesday, May 1st. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.03. Analysts expect that Talisman Energy will post $0.17 EPS next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James (NYSE: RJF) upgraded shares of Talisman Energy from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Talisman Energy in a research note to investors on Wednesday, May 2nd. Finally, 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.

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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