Tellurian Inc. (NYSEAMERICAN:TELL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Tellurian Inc. (NYSEAMERICAN:TELLGet Rating) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $4.40.

A number of research analysts have weighed in on the company. B. Riley decreased their price objective on Tellurian from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Monday, September 26th. Stifel Nicolaus dropped their target price on Tellurian from $3.00 to $2.00 and set a “sell” rating for the company in a research report on Monday, September 26th. Bank of America raised Tellurian from a “neutral” rating to a “buy” rating and dropped their target price for the company from $6.50 to $4.50 in a research report on Tuesday, August 9th. Finally, Evercore ISI decreased their price objective on Tellurian from $5.00 to $2.50 in a research note on Monday, September 26th.

Tellurian Trading Up 5.4 %

Shares of NYSEAMERICAN:TELL opened at $2.92 on Wednesday. Tellurian has a twelve month low of $1.54 and a twelve month high of $6.53. The stock has a 50 day simple moving average of $3.93. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.65 billion, a P/E ratio of -11.23 and a beta of 2.25.

Institutional Trading of Tellurian

Hedge funds have recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new stake in shares of Tellurian in the third quarter worth $25,000. AE Wealth Management LLC bought a new stake in shares of Tellurian in the 3rd quarter valued at about $26,000. Columbia Advisory Partners LLC bought a new stake in Tellurian during the 3rd quarter worth approximately $27,000. Geneos Wealth Management Inc. increased its stake in Tellurian by 527.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 9,411 shares of the oil and gas producer’s stock worth $28,000 after purchasing an additional 7,911 shares in the last quarter. Finally, Smith Salley & Associates bought a new position in shares of Tellurian during the 2nd quarter worth approximately $30,000. 45.30% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Tellurian (NYSEAMERICAN:TELL)

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