Tellurian (NASDAQ:TELL) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of Tellurian (NASDAQ:TELL) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

Other analysts have also issued reports about the company. BTIG Research initiated coverage on Tellurian in a report on Monday, March 11th. They issued a buy rating and a $20.00 price target on the stock. Gabelli initiated coverage on Tellurian in a report on Monday, May 13th. They issued a buy rating on the stock. Zacks Investment Research upgraded Tellurian from a sell rating to a hold rating in a report on Friday, April 5th. Raymond James initiated coverage on Tellurian in a report on Wednesday, February 13th. They issued an outperform rating and a $12.00 price target on the stock. Finally, Credit Suisse Group boosted their price target on Tellurian from $12.00 to $13.00 and gave the company an outperform rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Tellurian has a consensus rating of Buy and a consensus target price of $14.21.

NASDAQ:TELL opened at $7.55 on Tuesday. Tellurian has a 1 year low of $5.90 and a 1 year high of $11.91. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -13.25 and a beta of 1.99.



Tellurian (NASDAQ:TELL) last posted its earnings results on Wednesday, May 8th. The oil and gas producer reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). Tellurian had a negative net margin of 1,595.25% and a negative return on equity of 43.26%. The business had revenue of $4.96 million during the quarter, compared to analyst estimates of $8.88 million. As a group, equities research analysts anticipate that Tellurian will post -0.57 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. GWM Advisors LLC lifted its holdings in shares of Tellurian by 14.5% in the first quarter. GWM Advisors LLC now owns 13,059 shares of the oil and gas producer’s stock valued at $146,000 after purchasing an additional 1,650 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Tellurian by 12.1% in the fourth quarter. Legal & General Group Plc now owns 15,398 shares of the oil and gas producer’s stock valued at $107,000 after purchasing an additional 1,660 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Tellurian by 280.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the oil and gas producer’s stock valued at $27,000 after purchasing an additional 2,800 shares in the last quarter. Sterling Investment Advisors Ltd. bought a new stake in Tellurian during the first quarter worth about $45,000. Finally, Swiss National Bank raised its holdings in Tellurian by 3.0% during the first quarter. Swiss National Bank now owns 153,400 shares of the oil and gas producer’s stock worth $1,718,000 after acquiring an additional 4,500 shares in the last quarter. Institutional investors own 21.60% 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) 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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