Tellurian (NYSEAMERICAN:TELL) Downgraded by Zacks Investment Research to Hold

Tellurian (NYSEAMERICAN:TELLGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, 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 increased their price target for the stock from $5.50 to $8.00 in a research note on Friday, April 1st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Tellurian presently has a consensus rating of “Buy” and a consensus target price of $6.58.

Shares of NYSEAMERICAN:TELL traded up $0.21 during trading hours on Tuesday, reaching $5.07. The stock had a trading volume of 157,834 shares, compared to its average volume of 23,106,692. Tellurian has a 1 year low of $1.95 and a 1 year high of $6.53. The firm’s 50 day moving average is $3.58 and its 200-day moving average is $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 stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of -17.34 and a beta of 2.03.

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

Large investors have recently bought and sold shares of the business. Dark Forest Capital Management LP purchased a new position in Tellurian during the 3rd quarter valued at about $25,000. Arete Wealth Advisors LLC purchased a new position in Tellurian during the 4th quarter valued at about $31,000. Blair William & Co. IL purchased a new position in Tellurian during the 4th quarter valued at about $33,000. Qube Research & Technologies Ltd purchased a new position in Tellurian during the 4th quarter valued at about $35,000. Finally, Latitude Advisors LLC purchased a new position in Tellurian during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 33.68% of the company’s stock.

Tellurian Company Profile (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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