Shares of Tellurian Inc (NASDAQ:TELL) have been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $14.67 for the company and are forecasting that the company will post ($0.10) EPS for the current quarter, according to Zacks. Zacks has also given Tellurian an industry rank of 131 out of 265 based on the ratings given to its competitors.
Several analysts have commented on the stock. Cowen assumed coverage on shares of Tellurian in a research note on Friday, November 17th. They set an “outperform” rating and a $13.50 price objective for the company. Stifel Nicolaus assumed coverage on shares of Tellurian in a research note on Thursday, January 4th. They set a “buy” rating and a $16.00 price objective for the company. BidaskClub cut shares of Tellurian from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Finally, Seaport Global Securities started coverage on shares of Tellurian in a research note on Thursday, December 14th. They issued a “buy” rating and a $14.00 target price for the company.
Shares of Tellurian (NASDAQ TELL) traded down $0.41 during midday trading on Friday, reaching $8.10. 1,521,953 shares of the company’s stock traded hands, compared to its average volume of 1,162,925. Tellurian has a twelve month low of $8.04 and a twelve month high of $13.74.
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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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