BidaskClub Upgrades Tellurian (TELL) to “Hold”

BidaskClub upgraded shares of Tellurian (NASDAQ:TELL) from a sell rating to a hold rating in a research note released on Saturday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Tellurian from a hold rating to a buy rating and set a $8.25 price target for the company in a research report on Tuesday, March 20th. Stifel Nicolaus assumed coverage on Tellurian in a research report on Thursday, January 4th. They set a buy rating and a $16.00 price target for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $12.69.

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Shares of TELL opened at $8.94 on Friday. Tellurian has a one year low of $6.45 and a one year high of $13.74. The stock has a market cap of $2,012.14, a price-to-earnings ratio of -10.90 and a beta of 1.48.

In related news, insider Meg Gentle acquired 100,000 shares of Tellurian stock in a transaction on Monday, April 2nd. The stock was acquired at an average price of $6.96 per share, for a total transaction of $696,000.00. Following the purchase, the insider now owns 11,792,263 shares of the company’s stock, valued at approximately $82,074,150.48. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Diana Derycz Kessler acquired 75,000 shares of Tellurian stock in a transaction on Friday, March 23rd. The shares were bought at an average price of $7.39 per share, with a total value of $554,250.00. Following the purchase, the director now directly owns 36,415 shares in the company, valued at approximately $269,106.85. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 300,000 shares of company stock valued at $2,115,250. 48.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TELL. Schwab Charles Investment Management Inc. raised its stake in shares of Tellurian by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 300,958 shares of the oil and gas producer’s stock valued at $2,932,000 after buying an additional 11,390 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Tellurian during the 4th quarter valued at about $103,000. Teacher Retirement System of Texas purchased a new position in shares of Tellurian during the 4th quarter valued at about $206,000. Swiss National Bank raised its stake in shares of Tellurian by 8.0% during the 4th quarter. Swiss National Bank now owns 107,800 shares of the oil and gas producer’s stock valued at $1,050,000 after buying an additional 8,000 shares during the last quarter. Finally, Granite Point Capital Management L.P. purchased a new position in shares of Tellurian during the 4th quarter valued at about $438,000. Institutional investors and hedge funds own 13.59% of the company’s stock.

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Tellurian Company Profile

Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

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