Stock analysts at Cowen began coverage on shares of Tellurian (NASDAQ:TELL) in a research report issued to clients and investors on Friday, November 17th, Marketbeat.com reports. The firm set an “outperform” rating and a $13.50 price target on the oil and gas producer’s stock. Cowen’s price objective suggests a potential upside of 10.57% from the stock’s current price.
Tellurian (NASDAQ TELL) traded down $1.11 during mid-day trading on Friday, hitting $12.21. The stock had a trading volume of 1,023,166 shares, compared to its average volume of 606,700. Tellurian has a one year low of $5.53 and a one year high of $21.74.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG bought a new stake in shares of Tellurian in the 1st quarter valued at $105,000. Bank of America Corp DE bought a new position in Tellurian during the 1st quarter worth about $307,000. KCG Holdings Inc. bought a new position in Tellurian during the 1st quarter worth about $332,000. Nationwide Fund Advisors bought a new position in Tellurian during the 2nd quarter worth about $313,000. Finally, California Public Employees Retirement System bought a new position in Tellurian during the 1st quarter worth about $379,000. Institutional investors and hedge funds own 9.81% of the company’s stock.
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Tellurian Company Profile
Tellurian Inc, formerly Magellan Petroleum Corporation, is an oil and gas exploration and production company. The Company focuses on the development of liquefied natural gas (LNG) projects along the United States Gulf Coast through its subsidiary, Tellurian Investments Inc The Company owns interests in the Horse Hill-1 well and related licenses in the Weald Basin, onshore the United Kingdom, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia.
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