Tellurian (NYSEAMERICAN:TELL) Cut to Sell at Zacks Investment Research

Tellurian (NYSEAMERICAN:TELLGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Tellurian Inc. develops low-cost liquefied natural gas projects. The Company owns and operates natural gas liquefaction and storage facilities and loading terminals. Tellurian Inc., formerly known as Magellan Petroleum Corporation, is based in Houston, United States. “

Separately, Credit Suisse Group upgraded shares of Tellurian from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $5.50 to $8.00 in a research note on Friday, April 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $6.24.

NYSEAMERICAN TELL opened at $5.87 on Wednesday. Tellurian has a 52-week low of $1.62 and a 52-week high of $6.53. The company has a 50-day simple moving average of $3.58 and a 200 day simple moving average of $3.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.69 and a current ratio of 3.69. The company has a market capitalization of $3.04 billion, a PE ratio of -20.24 and a beta of 2.12.

Tellurian (NYSEAMERICAN:TELLGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The oil and gas producer reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.05). Tellurian had a negative return on equity of 38.05% and a negative net margin of 160.98%. The company had revenue of $21.58 million for the quarter, compared to analysts’ expectations of $41.28 million. As a group, analysts forecast that Tellurian will post -0.27 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Spire Wealth Management lifted its position in Tellurian by 11.1% during the first quarter. Spire Wealth Management now owns 19,821 shares of the oil and gas producer’s stock valued at $105,000 after purchasing an additional 1,982 shares during the last quarter. Amalgamated Bank lifted its position in Tellurian by 6.9% during the third quarter. Amalgamated Bank now owns 63,968 shares of the oil and gas producer’s stock valued at $250,000 after purchasing an additional 4,109 shares during the last quarter. Two Sigma Advisers LP lifted its position in Tellurian by 4.9% during the third quarter. Two Sigma Advisers LP now owns 93,500 shares of the oil and gas producer’s stock valued at $366,000 after purchasing an additional 4,400 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Tellurian by 3.9% during the third quarter. Geneos Wealth Management Inc. now owns 131,930 shares of the oil and gas producer’s stock valued at $523,000 after purchasing an additional 5,000 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Tellurian by 45.9% during the third quarter. CIBC Asset Management Inc now owns 18,541 shares of the oil and gas producer’s stock valued at $72,000 after purchasing an additional 5,836 shares during the last quarter. 34.15% of the stock is owned by institutional investors.

About Tellurian (Get Rating)

Tellurian Inc engages in the natural gas business 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. It owns interests in 11,060 net acres of natural gas assets and 78 producing wells located in the Haynesville Shale trend of northern Louisiana.

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