BidaskClub downgraded shares of Tellurian (NASDAQ:TELL) from a sell rating to a strong sell rating in a research note published on Thursday.
TELL has been the subject of a number of other reports. Stifel Nicolaus dropped their price objective on shares of Tellurian from $16.00 to $15.00 and set a buy rating for the company in a report on Thursday, March 22nd. Wells Fargo & Co began coverage on shares of Tellurian in a report on Tuesday, April 17th. They set a market perform rating and a $7.50 price objective for the company. Finally, Zacks Investment Research downgraded shares of Tellurian from a buy rating to a hold rating in a report on Saturday, May 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $11.65.
Tellurian opened at $7.90 on Thursday, according to MarketBeat. Tellurian has a 52-week low of $6.45 and a 52-week high of $13.74. The firm has a market cap of $1.90 billion, a PE ratio of -9.63 and a beta of 1.53.
Tellurian (NASDAQ:TELL) last posted its quarterly earnings data on Wednesday, May 9th. The oil and gas producer reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). The firm had revenue of $6.80 million for the quarter, compared to the consensus estimate of $0.03 million. research analysts predict that Tellurian will post -0.44 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. ING Groep NV purchased a new position in Tellurian in the 1st quarter worth $382,000. BlackRock Inc. raised its position in Tellurian by 4.2% in the 4th quarter. BlackRock Inc. now owns 4,417,762 shares of the oil and gas producer’s stock worth $43,030,000 after purchasing an additional 177,800 shares during the period. Teacher Retirement System of Texas purchased a new position in Tellurian in the 4th quarter worth $206,000. Alliancebernstein L.P. raised its position in Tellurian by 90.6% in the 4th quarter. Alliancebernstein L.P. now owns 80,800 shares of the oil and gas producer’s stock worth $787,000 after purchasing an additional 38,400 shares during the period. Finally, Deutsche Bank AG raised its position in Tellurian by 299.8% in the 4th quarter. Deutsche Bank AG now owns 208,554 shares of the oil and gas producer’s stock worth $2,029,000 after purchasing an additional 156,395 shares during the period. Institutional investors own 12.51% of the company’s stock.
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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