BidaskClub Downgrades Tellurian (TELL) to Sell

BidaskClub cut shares of Tellurian (NASDAQ:TELL) from a hold rating to a sell rating in a report issued on Thursday.

Separately, Cowen began coverage on Tellurian in a report on Friday, November 17th. They set an outperform rating and a $13.50 price objective on the stock.

Shares of Tellurian (TELL) opened at $9.59 on Thursday. Tellurian has a 52 week low of $6.30 and a 52 week high of $21.74.

Several hedge funds have recently modified their holdings of the business. Nationwide Fund Advisors purchased a new position in shares of Tellurian during the second quarter worth about $313,000. Credit Suisse AG purchased a new position in shares of Tellurian during the first quarter worth about $414,000. Bank of America Corp DE purchased a new position in shares of Tellurian during the first quarter worth about $307,000. Morgan Stanley purchased a new position in shares of Tellurian during the first quarter worth about $1,811,000. Finally, California Public Employees Retirement System purchased a new position in shares of Tellurian during the first quarter worth about $379,000. 9.81% of the stock is currently owned by institutional investors.

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Tellurian Company Profile

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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