BidaskClub Lowers Tellurian (TELL) to Buy

BidaskClub cut shares of Tellurian (NASDAQ:TELL) from a strong-buy rating to a buy rating in a research note released on Tuesday.

A number of other equities analysts have also recently weighed in on the company. Raymond James started coverage on Tellurian in a report on Wednesday, February 13th. They issued an outperform rating and a $12.00 price target for the company. Scotiabank started coverage on Tellurian in a report on Friday, February 8th. They issued a sector perform rating for the company. Zacks Investment Research upgraded Tellurian from a sell rating to a hold rating in a report on Friday, March 8th. Credit Suisse Group upped their price target on Tellurian from $12.00 to $13.00 and gave the stock an outperform rating in a report on Thursday, February 28th. Finally, Wolfe Research started coverage on Tellurian in a report on Tuesday, November 13th. They issued a market perform rating for the company. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Tellurian currently has an average rating of Buy and a consensus target price of $13.25.

NASDAQ TELL opened at $9.93 on Tuesday. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -17.42 and a beta of 1.92. Tellurian has a fifty-two week low of $5.90 and a fifty-two week high of $12.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.66 and a quick ratio of 2.66.

In other Tellurian news, Director Don A. Turkleson bought 42,320 shares of the business’s stock in a transaction on Monday, December 17th. The shares were bought at an average cost of $6.75 per share, with a total value of $285,660.00. Following the transaction, the director now directly owns 172,224 shares in the company, valued at approximately $1,162,512. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 44.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TELL. PNC Financial Services Group Inc. raised its position in shares of Tellurian by 280.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the oil and gas producer’s stock valued at $27,000 after purchasing an additional 2,800 shares in the last quarter. GWM Advisors LLC acquired a new stake in shares of Tellurian during the 4th quarter valued at approximately $79,000. Amalgamated Bank acquired a new stake in shares of Tellurian during the 4th quarter valued at approximately $87,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Tellurian during the 4th quarter valued at approximately $89,000. Finally, Legal & General Group Plc raised its position in shares of Tellurian by 12.1% during the 4th quarter. Legal & General Group Plc now owns 15,398 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 1,660 shares in the last quarter. 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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Analyst Recommendations for Tellurian (NASDAQ:TELL)

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