Tellurian (TELL) Shares Gap Up to $10.00

Shares of Tellurian Inc (NASDAQ:TELL) gapped up before the market opened on Monday . The stock had previously closed at $9.71, but opened at $10.00. Tellurian shares last traded at $11.08, with a volume of 3862400 shares trading hands.

TELL has been the topic of several recent analyst reports. Cowen initiated coverage on Tellurian in a research note on Friday, November 17th. They set an “outperform” rating and a $13.50 target price on the stock. BidaskClub downgraded Tellurian from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Seaport Global Securities initiated coverage on Tellurian in a research note on Thursday, December 14th. They set a “buy” rating and a $14.00 target price on the stock. Finally, Stifel Nicolaus initiated coverage on Tellurian in a research note on Thursday, January 4th. They set a “buy” rating and a $16.00 target price on the stock.

The stock has a market capitalization of $2,480.00, a P/E ratio of -8.53 and a beta of 1.06.

An institutional investor recently bought a new position in Tellurian stock. Nationwide Fund Advisors purchased a new position in Tellurian Inc (NASDAQ:TELL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 31,228 shares of the oil and gas producer’s stock, valued at approximately $313,000. Hedge funds and other institutional investors own 9.31% of the company’s stock.

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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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