BidaskClub upgraded shares of Tellurian (NASDAQ:TELL) from a strong sell rating to a sell rating in a research note released on Tuesday, BidAskClub reports.
TELL has been the topic of a number of other research reports. Stifel Nicolaus downgraded shares of Tellurian from a buy rating to a hold rating and cut their price target for the company from $16.00 to $9.00 in a report on Tuesday, July 16th. Gabelli began coverage on shares of Tellurian in a report on Monday, May 13th. They set a buy rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $13.38.
Tellurian stock opened at $9.19 on Tuesday. The company has a market capitalization of $2.05 billion, a P/E ratio of -16.12 and a beta of 1.76. The firm’s fifty day simple moving average is $6.76 and its 200-day simple moving average is $8.65. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.24. Tellurian has a 1-year low of $5.12 and a 1-year high of $11.80.
Tellurian (NASDAQ:TELL) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.01). The business had revenue of $5.33 million for the quarter, compared to the consensus estimate of $21.39 million. Tellurian had a negative net margin of 1,074.80% and a negative return on equity of 48.80%. The firm’s revenue for the quarter was up 555.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.17) EPS. On average, equities research analysts predict that Tellurian will post -0.58 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in TELL. Vanguard Group Inc. raised its holdings in Tellurian by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 8,990,069 shares of the oil and gas producer’s stock worth $70,572,000 after acquiring an additional 244,064 shares during the period. BlackRock Inc. raised its holdings in Tellurian by 7.6% in the 2nd quarter. BlackRock Inc. now owns 6,426,162 shares of the oil and gas producer’s stock worth $50,446,000 after acquiring an additional 455,246 shares during the period. Electron Capital Partners LLC raised its holdings in Tellurian by 58.7% in the 1st quarter. Electron Capital Partners LLC now owns 3,069,483 shares of the oil and gas producer’s stock worth $34,378,000 after acquiring an additional 1,135,798 shares during the period. Yaupon Capital Management LP raised its holdings in Tellurian by 602.3% in the 2nd quarter. Yaupon Capital Management LP now owns 1,591,704 shares of the oil and gas producer’s stock worth $12,495,000 after acquiring an additional 1,365,054 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in Tellurian by 47.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,445,288 shares of the oil and gas producer’s stock worth $11,346,000 after acquiring an additional 465,888 shares during the period. Institutional investors and hedge funds own 20.95% 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) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline in southwest Louisiana.
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