Tellurian (TELL) Raised to “Strong-Buy” at BidaskClub

Tellurian (NASDAQ:TELL) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Tellurian from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a report on Tuesday, March 20th. Stifel Nicolaus cut their price objective on Tellurian from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 22nd. Finally, Wells Fargo assumed coverage on Tellurian in a report on Tuesday, April 17th. They set a “market perform” rating and a $7.50 price objective on the stock. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Tellurian presently has a consensus rating of “Buy” and an average target price of $11.65.

Shares of TELL stock opened at $11.70 on Friday. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -14.27 and a beta of 1.45. Tellurian has a fifty-two week low of $11.29 and a fifty-two week high of $11.78.

Tellurian (NASDAQ:TELL) last released its quarterly earnings data on Wednesday, May 9th. The oil and gas producer reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.01). The company had revenue of $6.80 million during the quarter, compared to the consensus estimate of $0.03 million. equities research analysts expect that Tellurian will post -0.34 earnings per share for the current year.

In other news, Director Diana Derycz Kessler acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 26th. The shares were bought at an average price of $6.68 per share, with a total value of $334,000.00. Following the acquisition, the director now directly owns 36,415 shares in the company, valued at approximately $243,252.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Meg Gentle acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The shares were purchased at an average cost of $6.96 per share, for a total transaction of $696,000.00. Following the acquisition, the insider now owns 11,792,263 shares in the company, valued at $82,074,150.48. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 300,000 shares of company stock worth $2,115,250. 44.80% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TELL. Fox Run Management L.L.C. acquired a new position in Tellurian during the 4th quarter worth about $103,000. BB&T Securities LLC acquired a new position in Tellurian during the 4th quarter worth about $184,000. Teacher Retirement System of Texas acquired a new position in Tellurian during the 4th quarter worth about $206,000. Guggenheim Capital LLC acquired a new position in Tellurian during the 4th quarter worth about $208,000. Finally, Tibra Equities Europe Ltd acquired a new position in Tellurian during the 1st quarter worth about $288,000. 13.62% of the stock is currently owned by institutional investors.

Tellurian Company Profile

Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

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