Tellurian (TELL) Coverage Initiated at Gabelli

Gabelli started coverage on shares of Tellurian (NASDAQ:TELL) in a report published on Monday morning, The Fly reports. The brokerage issued a buy rating on the oil and gas producer’s stock.

TELL has been the topic of several other reports. BTIG Research began coverage on shares of Tellurian in a research report on Monday, March 11th. They issued a buy rating and a $20.00 price objective on the stock. Scotiabank began coverage on shares of Tellurian in a research report on Friday, February 8th. They issued a sector perform rating on the stock. Zacks Investment Research raised shares of Tellurian from a sell rating to a hold rating in a research report on Friday, March 1st. Credit Suisse Group boosted their price objective on shares of Tellurian from $12.00 to $13.00 and gave the company an outperform rating in a research report on Thursday, February 28th. Finally, BidaskClub cut shares of Tellurian from a strong-buy rating to a buy rating in a research report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $14.21.

Shares of NASDAQ TELL opened at $8.88 on Monday. The firm has a market cap of $2.05 billion, a PE ratio of -15.58 and a beta of 1.80. Tellurian has a twelve month low of $5.90 and a twelve month high of $12.45. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 0.21.



Tellurian (NASDAQ:TELL) last announced its quarterly earnings results on Wednesday, May 8th. The oil and gas producer reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). The firm had revenue of $4.96 million for the quarter, compared to the consensus estimate of $8.88 million. Tellurian had a negative return on equity of 43.26% and a negative net margin of 1,595.25%. As a group, equities analysts anticipate that Tellurian will post -0.55 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake in 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 buying an additional 2,800 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in Tellurian in the 1st quarter valued at $45,000. C M Bidwell & Associates Ltd. acquired a new stake in Tellurian in the 1st quarter valued at $75,000. GWM Advisors LLC acquired a new stake in Tellurian in the 4th quarter valued at $79,000. Finally, Amalgamated Bank acquired a new stake in Tellurian in the 4th quarter valued at $87,000. 21.41% of the stock is currently owned by institutional investors and hedge funds.

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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The Fly

Analyst Recommendations for Tellurian (NASDAQ:TELL)

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