Shares of Tellurian Inc (NASDAQ:TELL) have been given an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Analysts have set a 1-year consensus price objective of $14.67 for the company and are anticipating that the company will post ($0.10) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Tellurian an industry rank of 131 out of 265 based on the ratings given to its competitors.
Several research analysts have recently weighed in on TELL shares. Cowen started coverage on shares of Tellurian in a report on Friday, November 17th. They set an “outperform” rating and a $13.50 price objective for the company. BidaskClub cut shares of Tellurian from a “sell” rating to a “strong sell” rating in a report on Thursday, February 22nd. Stifel Nicolaus started coverage on shares of Tellurian in a report on Thursday, January 4th. They set a “buy” rating and a $16.00 price objective for the company. Finally, Seaport Global Securities started coverage on shares of Tellurian in a report on Thursday, December 14th. They set a “buy” rating and a $14.00 price objective for the company.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank raised its holdings in shares of Tellurian by 8.0% during the fourth quarter. Swiss National Bank now owns 107,800 shares of the oil and gas producer’s stock valued at $1,050,000 after purchasing an additional 8,000 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Tellurian by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 626,231 shares of the oil and gas producer’s stock valued at $6,099,000 after purchasing an additional 10,116 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Tellurian during the fourth quarter valued at approximately $103,000. Schwab Charles Investment Management Inc. grew its position in Tellurian by 3.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 300,958 shares of the oil and gas producer’s stock valued at $2,932,000 after buying an additional 11,390 shares during the period. Finally, BB&T Securities LLC bought a new stake in Tellurian during the fourth quarter valued at approximately $184,000. 13.86% of the stock is owned by hedge funds and other institutional investors.
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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