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

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Tudor Pickering lowered shares of Talisman Energy (NYSE:TLM) from a buy rating to an accumulate rating in a research report released on Friday morning, TheFlyOnTheWall.com reports.

Talisman Energy (NYSE:TLM) opened at 11.32 on Friday. Talisman Energy has a one year low of $10.34 and a one year high of $13.38. The stock has a 50-day moving average of $11.54 and a 200-day moving average of $11.59. The company has a market cap of $11.675 billion and a price-to-earnings ratio of 129.78.

Talisman Energy (NYSE:TLM) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ 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. Analysts expect that Talisman Energy will post $-0.09 EPS for the current fiscal year.

TLM has been the subject of a number of other recent research reports. 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 analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $13.83.

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

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