Seaport Global Securities Begins Coverage on Tellurian (TELL)

Seaport Global Securities initiated coverage on shares of Tellurian (NASDAQ:TELL) in a research report report published on Thursday, MarketBeat Ratings reports. The firm issued a buy rating and a $14.00 price target on the oil and gas producer’s stock.

A number of other research analysts have also recently weighed in on the stock. Cowen started coverage on shares of Tellurian in a research note on Friday, November 17th. They set an outperform rating and a $13.50 target price on the stock. BidaskClub cut shares of Tellurian from a hold rating to a sell rating in a research note on Thursday.

Tellurian (TELL) traded up $0.10 on Thursday, hitting $9.59. 1,449,500 shares of the company were exchanged, compared to its average volume of 651,549. Tellurian has a 52 week low of $6.30 and a 52 week high of $21.74.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TELL. Bank of America Corp DE purchased a new stake in Tellurian in the 1st quarter worth $307,000. Nationwide Fund Advisors purchased a new stake in shares of Tellurian during the 2nd quarter valued at about $313,000. California Public Employees Retirement System purchased a new stake in shares of Tellurian during the 1st quarter valued at about $379,000. Credit Suisse AG purchased a new stake in shares of Tellurian during the 1st quarter valued at about $414,000. Finally, Morgan Stanley purchased a new stake in shares of Tellurian during the 1st quarter valued at about $1,811,000. Institutional investors own 9.81% of the company’s stock.

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About Tellurian

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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