Zacks Investment Research upgraded shares of Tellurian (NASDAQ:TELL) from a sell rating to a hold rating in a research note released on Tuesday morning.
According to Zacks, “Tellurian Inc. develops low-cost liquefied natural gas projects. The Company owns and operates natural gas liquefaction and storage facilities and loading terminals. Tellurian Inc., formerly known as Magellan Petroleum Corporation, is based in Houston, United States. “
TELL has been the topic of a number of other research reports. Scotiabank assumed coverage on shares of Tellurian in a research report on Friday, February 8th. They set a sector perform rating on the stock. BTIG Research assumed coverage on shares of Tellurian in a research report on Monday, March 11th. They set a buy rating and a $20.00 price objective on the stock. Credit Suisse Group increased their price objective on shares of Tellurian from $12.00 to $13.00 and gave the stock an outperform rating in a research report on Thursday, February 28th. BidaskClub raised shares of Tellurian from a hold rating to a buy rating in a research report on Wednesday, January 9th. Finally, Raymond James assumed coverage on shares of Tellurian in a research report on Wednesday, February 13th. They set an outperform rating and a $12.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $13.25.
TELL stock opened at $9.80 on Tuesday. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.19. Tellurian has a 1 year low of $5.90 and a 1 year high of $12.45.
Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Tellurian by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 1,123,881 shares of the oil and gas producer’s stock worth $7,810,000 after purchasing an additional 75,120 shares in the last quarter. Amalgamated Bank bought a new position in shares of Tellurian during the 4th quarter worth about $87,000. Yaupon Capital Management LP acquired a new stake in shares of Tellurian in the 4th quarter worth about $1,915,000. Legal & General Group Plc raised its holdings in shares of Tellurian by 12.1% in the 4th quarter. Legal & General Group Plc now owns 15,398 shares of the oil and gas producer’s stock worth $107,000 after acquiring an additional 1,660 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Tellurian in the 4th quarter worth about $89,000. 21.47% of the stock is currently owned by institutional investors.
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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