Talisman Energy Stock Falls On Unusually High Volume (TLM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Talisman Energy (NYSE: TLM) is trading at unusually high volume Wednesday with 17.4 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down 79 cents (-6.5%) at $11.37 as of 4 p.m. ET.

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Talisman Energy has a market cap of $12.55 billion and is part of the basic materials sector and energy industry. Shares are down 4.6% year to date as of the close of trading on Tuesday.

Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids. It primarily operates in North America, the North Sea, and southeast Asia. The company has a P/E ratio of 24.3, above the average energy industry P/E ratio of 23.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Talisman Energy as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and unimpressive growth in net income. You can view the full Talisman Energy Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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