Tellurian (NASDAQ:TELL) Coverage Initiated at Evercore ISI

Evercore ISI began coverage on shares of Tellurian (NASDAQ:TELL) in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. The firm issued an outperform rating and a $14.00 target price on the oil and gas producer’s stock.

Several other research firms also recently issued reports on TELL. Stifel Nicolaus downgraded Tellurian from a buy rating to a hold rating and decreased their price target for the stock from $16.00 to $9.00 in a research note on Tuesday, July 16th. Raymond James decreased their price target on Tellurian from $13.00 to $12.00 and set an outperform rating for the company in a research note on Tuesday, August 27th. BidaskClub upgraded Tellurian from a strong sell rating to a sell rating in a research note on Tuesday, August 20th. ValuEngine downgraded Tellurian from a buy rating to a hold rating in a research note on Tuesday, September 10th. Finally, Bank of America downgraded Tellurian from a buy rating to a neutral rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. Tellurian has a consensus rating of Hold and an average price target of $11.89.

Shares of NASDAQ TELL opened at $8.68 on Tuesday. The business’s 50-day moving average price is $6.78 and its two-hundred day moving average price is $8.29. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.16. Tellurian has a one year low of $5.12 and a one year high of $11.80. The company has a market capitalization of $2.10 billion, a P/E ratio of -15.23 and a beta of 1.75.

Tellurian (NASDAQ:TELL) last released its quarterly 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). The company had revenue of $5.33 million for the quarter, compared to the consensus estimate of $21.39 million. Tellurian had a negative return on equity of 48.80% and a negative net margin of 1,074.80%. The business’s revenue was up 555.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.17) EPS. On average, equities analysts anticipate that Tellurian will post -0.63 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Tellurian by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 8,990,069 shares of the oil and gas producer’s stock worth $70,572,000 after purchasing an additional 244,064 shares during the last quarter. BlackRock Inc. lifted its position in shares of Tellurian by 7.6% during the 2nd quarter. BlackRock Inc. now owns 6,426,162 shares of the oil and gas producer’s stock worth $50,446,000 after purchasing an additional 455,246 shares during the last quarter. Electron Capital Partners LLC lifted its position in shares of Tellurian by 58.7% during the 1st quarter. Electron Capital Partners LLC now owns 3,069,483 shares of the oil and gas producer’s stock worth $34,378,000 after purchasing an additional 1,135,798 shares during the last quarter. Yaupon Capital Management LP lifted its position in shares of Tellurian by 602.3% during the 2nd quarter. Yaupon Capital Management LP now owns 1,591,704 shares of the oil and gas producer’s stock worth $12,495,000 after purchasing an additional 1,365,054 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Tellurian by 47.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,445,288 shares of the oil and gas producer’s stock worth $11,346,000 after purchasing an additional 465,888 shares during the last quarter. Institutional investors own 21.73% of the company’s stock.

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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