A number of other equities research analysts have also recently weighed in on TELL. BidaskClub raised Tellurian from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Stifel Nicolaus cut Tellurian from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $9.00 in a research note on Tuesday, July 16th. Finally, Gabelli began coverage on Tellurian in a research note on Monday, May 13th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Tellurian presently has a consensus rating of “Hold” and an average target price of $13.38.
TELL stock opened at $9.19 on Wednesday. The business has a fifty day moving average of $6.76 and a two-hundred day moving average of $8.65. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -16.12 and a beta of 1.76. Tellurian has a 52-week low of $5.12 and a 52-week high of $11.80.
Tellurian (NASDAQ:TELL) last posted its earnings results on Wednesday, August 7th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.01). Tellurian had a negative return on equity of 48.80% and a negative net margin of 1,074.80%. The business had revenue of $5.33 million for the quarter, compared to analyst estimates of $21.39 million. During the same period last year, the business earned ($0.17) EPS. Tellurian’s revenue was up 555.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tellurian will post -0.58 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of TELL. Regal Wealth Group Inc. purchased a new position in Tellurian in the second quarter valued at $32,000. Sterling Investment Advisors Ltd. purchased a new position in Tellurian in the first quarter valued at $45,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Tellurian by 599.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,747 shares of the oil and gas producer’s stock valued at $69,000 after purchasing an additional 7,496 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Tellurian by 11,423.7% in the second quarter. Cubist Systematic Strategies LLC now owns 11,178 shares of the oil and gas producer’s stock valued at $88,000 after purchasing an additional 11,081 shares during the period. Finally, Tranquility Partners LLC purchased a new position in Tellurian in the second quarter valued at $92,000. 20.95% of the stock is owned by institutional investors and hedge funds.
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) 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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