Tellurian (NYSEAMERICAN:TELL) Downgraded by Evercore ISI to “In-Line”

Evercore ISI downgraded shares of Tellurian (NYSEAMERICAN:TELLGet Rating) from an outperform rating to an in-line rating in a research note issued to investors on Tuesday morning, reports. The brokerage currently has $4.50 target price on the oil and gas producer’s stock, down from their previous target price of $7.50.

Other research analysts have also issued reports about the company. Roth Capital restated a buy rating on shares of Tellurian in a research note on Tuesday, May 10th. Credit Suisse Group dropped their price objective on Tellurian from $8.00 to $7.00 in a research note on Monday, June 6th.

Tellurian Stock Down 8.1 %

Shares of Tellurian stock opened at $3.27 on Tuesday. The company has a market capitalization of $1.86 billion, a PE ratio of -9.34 and a beta of 2.20. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average is $3.79. Tellurian has a 12-month low of $2.23 and a 12-month high of $6.53.

Tellurian (NYSEAMERICAN:TELLGet Rating) last announced its earnings results on Wednesday, May 4th. The oil and gas producer reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The company had revenue of $146.94 million for the quarter, compared to the consensus estimate of $31.19 million. Tellurian had a negative return on equity of 39.86% and a negative net margin of 73.68%. Sell-side analysts anticipate that Tellurian will post -0.14 earnings per share for the current year.

Institutional Trading of Tellurian

Large investors have recently made changes to their positions in the business. Sandy Spring Bank grew its holdings in shares of Tellurian by 76.7% during the first quarter. Sandy Spring Bank now owns 7,066 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 3,067 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in shares of Tellurian during the first quarter worth $38,000. Geneos Wealth Management Inc. boosted its holdings in Tellurian by 527.4% in the second quarter. Geneos Wealth Management Inc. now owns 9,411 shares of the oil and gas producer’s stock valued at $28,000 after acquiring an additional 7,911 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in Tellurian in the fourth quarter valued at about $31,000. Finally, Gofen & Glossberg LLC IL bought a new position in Tellurian in the first quarter valued at about $53,000. Institutional investors own 33.68% of the company’s stock.

Tellurian Company Profile

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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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