Talisman Energy Given “Outperform” Rating at Bernstein (TLM)

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Talisman Energy (NYSE:TLM)‘s stock had its “outperform” rating restated by analysts at Bernstein in a research report issued to clients and investors on Monday. They currently have a $13.50 price target on the stock, down from their previous price target of $15.00. Bernstein’s target price suggests a potential upside of 25.12% from the stock’s previous close.

Shares of Talisman Energy (NYSE:TLM) traded down 0.19% during mid-day trading on Monday, hitting $10.77. The stock had a trading volume of 949,644 shares. Talisman Energy has a 52-week low of $9.63 and a 52-week high of $13.38. The stock has a 50-day moving average of $10.4 and a 200-day moving average of $10.69. The company’s market cap is $11.134 billion.

Talisman Energy (NYSE:TLM) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.41. 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 $0.26 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet upgraded shares of Talisman Energy to a “hold” rating in a research note on Thursday. Separately, 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. Finally, analysts at CIBC set a $11.75 price target on shares of Talisman Energy in a research note on Thursday, May 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Talisman Energy presently has an average rating of “Hold” and an average price target of $12.71.

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

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