Talisman Energy (TLM) Stock Lower Today Despite Earnings Beat

NEW YORK (TheStreet) -- Shares of Talisman Energy Inc. (TLM) are down 11.64% to $5.39 despite reporting higher 2014 third quarter earnings and missing revenue estimates, as the oil and gas company struggles with weak oil and gas prices.

Talisman earned $425 million, or 41 cents per share, in the quarter, compared with a loss of $54 million, or a loss of 5 cents per share, a year earlier.

The company reported total revenue fell nearly 8.7% to $1.14 billion, missing the average analyst estimate of $1.4 billion, according to Reuters.

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Global crude prices have slipped by about 25% since touching a high of $115 in June, hurt by excess supply, including from North American shale fields, and weak demand from China and Europe, Reuters reported.

Separately, TheStreet Ratings team rates TALISMAN ENERGY INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

"We rate TALISMAN ENERGY INC (TLM) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself."

You can view the full analysis from the report here: TLM Ratings Report
 TLM Chart TLM data by YCharts

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

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