Tellurian Inc (NASDAQ:TELL) has received an average recommendation of “Buy” from the nine analysts that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $13.50.
Several equities analysts have recently weighed in on the company. BidaskClub upgraded Tellurian from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Stifel Nicolaus reiterated a “buy” rating and set a $14.00 price objective (down previously from $15.00) on shares of Tellurian in a report on Thursday, August 9th. Zacks Investment Research cut Tellurian from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Robert W. Baird assumed coverage on Tellurian in a report on Tuesday, August 14th. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Credit Suisse Group assumed coverage on Tellurian in a report on Thursday, October 11th. They set an “outperform” rating and a $15.00 price objective on the stock.
Shares of NASDAQ:TELL traded down $0.27 during trading on Friday, hitting $7.60. 2,008,636 shares of the company’s stock traded hands, compared to its average volume of 1,346,994. Tellurian has a 52 week low of $6.45 and a 52 week high of $13.74. The stock has a market capitalization of $2.03 billion, a PE ratio of -9.27 and a beta of 1.77.
Tellurian (NASDAQ:TELL) last released its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.01). Tellurian had a negative net margin of 930.79% and a negative return on equity of 47.12%. The business had revenue of $0.80 million for the quarter, compared to the consensus estimate of $0.83 million. Equities analysts anticipate that Tellurian will post -0.59 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TELL. Amalgamated Bank bought a new stake in Tellurian in the 2nd quarter valued at approximately $103,000. Gradient Investments LLC bought a new stake in Tellurian in the 3rd quarter valued at approximately $103,000. PEAK6 Investments L.P. bought a new stake in Tellurian in the 2nd quarter valued at approximately $125,000. Engineers Gate Manager LP bought a new stake in Tellurian in the 2nd quarter valued at approximately $181,000. Finally, Ahrens Investment Partners LLC lifted its stake in Tellurian by 44.8% in the 2nd quarter. Ahrens Investment Partners LLC now owns 24,710 shares of the oil and gas producer’s stock valued at $206,000 after acquiring an additional 7,650 shares in the last quarter. Hedge funds and other institutional investors own 17.49% of the company’s stock.
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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