Why Talisman Energy (TLM) Stock Is Up Today

NEW YORK (TheStreet) -- Talisman Energy (TLM) was gaining 10.6% to $10.89 Wednesday after confirming that it was approached by Repsol (REPYY) regarding various transactions.

The company said there is no assurance that a deal will be reached. Talisman won't make any other statements about the possible transactions until "such time as it is appropriate."

Repsol is looking into making a bid to deploy cash it received after losing its stake in YPF (YPF) according to Bloomberg. The Spanish company is reportedly working with JPMorgan Chase  (JPM) as it evaluates the deal.

Must read: Warren Buffett's 25 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates TALISMAN ENERGY INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TALISMAN ENERGY INC (TLM) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and a generally disappointing performance in the stock itself."

If you liked this article you might like

What To Sell: 3 Sell-Rated Dividend Stocks LINE, VNR, TLM

What To Sell: 3 Sell-Rated Dividend Stocks LINE, VNR, TLM

What To Sell: 3 Sell-Rated Dividend Stocks AGNC, TLM, IVR

10 Large-Cap Oil Stocks to Sell Immediately

'Mad Money' Lightning Round: Allegiant Travel Good, Spirit Airlines Better