NEW YORK (TheStreet) -- Shares of Talisman Energy (TLM) were falling 9.3% to $4.20, hitting a 52-week low of $4.08, on Thursday as oil prices resumed their decline after a brief rebound earlier in the week.
WTI crude oil prices were falling 1.5% to $66.36 a barrel, and Brent crude oil prices were falling 1.2% to $69.09 a barrel Thursday morning.
The falling oil prices come after European Central Bank president Mario Draghi said the bank decided to not change its rates, according to Business Insider. During the press conference Draghi called the falling price of oil "unambiguously positive."
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Last week OPEC announced that it would maintain its oil production target of 30 million barrels a day, which helped bring down oil prices.
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 multiple weaknesses, 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 disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."