Tellurian Inc (TELL) Receives Average Recommendation of “Hold” from Brokerages

Tellurian Inc (NASDAQ:TELL) has been given an average rating of “Hold” by the seven analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $12.80.

A number of equities research analysts have issued reports on TELL shares. Zacks Investment Research downgraded shares of Tellurian from a “buy” rating to a “sell” rating in a research note on Tuesday, August 14th. BidaskClub downgraded shares of Tellurian from a “hold” rating to a “sell” rating in a research note on Saturday, June 30th. Finally, Robert W. Baird started coverage on shares of Tellurian in a research note on Tuesday, August 14th. They set an “outperform” rating and a $15.00 price objective on the stock.

Tellurian stock traded up $0.10 during trading hours on Monday, reaching $8.99. 2,429,900 shares of the stock were exchanged, compared to its average volume of 1,199,728. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of -10.88 and a beta of 1.52. Tellurian has a twelve month low of $6.45 and a twelve month high of $13.74.

Tellurian (NASDAQ:TELL) last announced its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The business had revenue of $0.81 million for the quarter, compared to analysts’ expectations of $5.45 million. research analysts forecast that Tellurian will post -0.55 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in TELL. Amalgamated Bank acquired a new stake in Tellurian during the second quarter worth about $103,000. PEAK6 Investments L.P. bought a new position in shares of Tellurian in the second quarter worth about $125,000. Engineers Gate Manager LP bought a new position in shares of Tellurian in the second quarter worth about $181,000. Ahrens Investment Partners LLC lifted its holdings in shares of Tellurian by 44.8% in the second quarter. Ahrens Investment Partners LLC now owns 24,710 shares of the oil and gas producer’s stock worth $206,000 after acquiring an additional 7,650 shares during the last quarter. Finally, Guggenheim Capital LLC bought a new position in shares of Tellurian in the fourth quarter worth about $208,000. Hedge funds and other institutional investors own 17.28% 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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Analyst Recommendations for Tellurian (NASDAQ:TELL)

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