Shares of Tellurian Inc (NASDAQ:TELL) have received a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Brokers have set a 12-month consensus target price of $14.67 for the company and are expecting that the company will post ($0.10) EPS for the current quarter, according to Zacks. Zacks has also given Tellurian an industry rank of 181 out of 265 based on the ratings given to related companies.
TELL has been the topic of a number of analyst reports. Cowen began coverage on shares of Tellurian in a research note on Friday, November 17th. They issued an “outperform” rating and a $13.50 price target on the stock. BidaskClub lowered Tellurian from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Seaport Global Securities began coverage on Tellurian in a research report on Thursday, December 14th. They issued a “buy” rating and a $14.00 target price for the company. Finally, Stifel Nicolaus began coverage on Tellurian in a research report on Thursday, January 4th. They issued a “buy” rating and a $16.00 target price for the company.
A number of large investors have recently modified their holdings of the business. Swiss National Bank increased its position in shares of Tellurian by 8.0% during the 4th quarter. Swiss National Bank now owns 107,800 shares of the oil and gas producer’s stock valued at $1,050,000 after purchasing an additional 8,000 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Tellurian by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 626,231 shares of the oil and gas producer’s stock valued at $6,099,000 after purchasing an additional 10,116 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Tellurian during the 4th quarter valued at about $103,000. Schwab Charles Investment Management Inc. increased its position in shares of Tellurian by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 300,958 shares of the oil and gas producer’s stock valued at $2,932,000 after purchasing an additional 11,390 shares during the last quarter. Finally, BB&T Securities LLC purchased a new stake in shares of Tellurian during the 4th quarter valued at about $184,000. 13.86% of the stock is owned by institutional investors and hedge funds.
Shares of Tellurian (NASDAQ:TELL) traded down $0.61 during trading on Friday, reaching $7.49. 1,485,177 shares of the company were exchanged, compared to its average volume of 1,167,049. Tellurian has a 52 week low of $7.47 and a 52 week high of $13.74.
Tellurian Inc, formerly Magellan Petroleum Corporation, is an oil and gas exploration and production company. The Company focuses on the development of liquefied natural gas (LNG) projects along the United States Gulf Coast through its subsidiary, Tellurian Investments Inc The Company owns interests in the Horse Hill-1 well and related licenses in the Weald Basin, onshore the United Kingdom, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia.
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