Tellurian (NASDAQ:TELL) Cut to Hold at ValuEngine

ValuEngine lowered shares of Tellurian (NASDAQ:TELL) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

Several other equities analysts have also issued reports on the stock. Stifel Nicolaus lowered shares of Tellurian from a buy rating to a hold rating and decreased their price target for the company from $16.00 to $9.00 in a report on Tuesday, July 16th. BidaskClub raised shares of Tellurian from a strong sell rating to a sell rating in a report on Tuesday. Finally, Gabelli assumed coverage on shares of Tellurian in a report on Monday, May 13th. They issued a buy rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Tellurian presently has a consensus rating of Hold and an average target price of $13.38.

Shares of Tellurian stock opened at $7.50 on Wednesday. The firm has a fifty day moving average of $6.77 and a two-hundred day moving average of $8.64. Tellurian has a 52 week low of $5.12 and a 52 week high of $11.80. 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 (NASDAQ:TELL) last issued its earnings results on Wednesday, August 7th. The oil and gas producer reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.01). Tellurian had a negative net margin of 1,074.80% and a negative return on equity of 48.80%. The business had revenue of $5.33 million for the quarter, compared to the consensus estimate of $21.39 million. During the same quarter in the previous year, the firm posted ($0.17) EPS. The business’s revenue was up 555.6% on a year-over-year basis. Sell-side analysts predict that Tellurian will post -0.58 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in TELL. Regal Wealth Group Inc. acquired a new position in shares of Tellurian in the 2nd quarter valued at $32,000. Sterling Investment Advisors Ltd. acquired a new position in shares of Tellurian in the 1st quarter valued at $45,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Tellurian by 599.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,747 shares of the oil and gas producer’s stock worth $69,000 after purchasing an additional 7,496 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Tellurian by 11,423.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,178 shares of the oil and gas producer’s stock worth $88,000 after purchasing an additional 11,081 shares during the period. Finally, Tranquility Partners LLC acquired a new position in Tellurian in the 2nd quarter worth $92,000. 20.95% of the stock is owned by institutional investors.

About Tellurian

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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Analyst Recommendations for Tellurian (NASDAQ:TELL)

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