Talisman Energy Downgraded by Tudor Pickering to “Accumulate” (TLM)

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Talisman Energy (NYSE:TLM) was downgraded by research analysts at Tudor Pickering from a “buy” rating to an “accumulate” rating in a report released on Friday, TheFlyOnTheWall.com reports.

A number of other firms have also recently commented on TLM. Analysts at Zacks reiterated a “neutral” rating on shares of Talisman Energy in a research note to investors on Thursday, December 19th. They now have a $12.00 price target on the stock. Analysts at RBC Capital downgraded shares of Talisman Energy from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday, November 7th. They now have a $13.00 price target on the stock, down previously from $14.00. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $13.83.

Shares of Talisman Energy (NYSE:TLM) opened at 11.68 on Friday. Talisman Energy has a 1-year low of $10.34 and a 1-year high of $13.38. The stock’s 50-day moving average is $11.56 and its 200-day moving average is $11.59. The company has a market cap of $12.046 billion and a price-to-earnings ratio of 129.78.

Talisman Energy (NYSE:TLM) last released its earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.01) by $0.03. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted ($0.04) earnings per share. On average, analysts predict that Talisman Energy will post $-0.09 earnings per share for the current fiscal year.

Talisman Energy Inc (NYSE:TLM) is a global, diversified, upstream oil and gas company.

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