Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Tellurian from a buy rating to a hold rating in a research report on Tuesday, May 3rd. Credit Suisse Group raised shares of Tellurian from a neutral rating to an outperform rating and boosted their price target for the stock from $5.50 to $8.00 in a research report on Friday, April 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tellurian currently has an average rating of Buy and a consensus target price of $6.58.
Shares of TELL stock opened at $4.22 on Tuesday. Tellurian has a 12-month low of $2.04 and a 12-month high of $6.53. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -12.06 and a beta of 2.03. 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 firm has a fifty day moving average of $3.62 and a 200-day moving average of $3.51.
Several large investors have recently made changes to their positions in the business. BlackRock Inc. grew its position in shares of Tellurian by 0.3% during the 1st quarter. BlackRock Inc. now owns 25,830,587 shares of the oil and gas producer’s stock worth $136,902,000 after purchasing an additional 79,911 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Tellurian by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 23,333,501 shares of the oil and gas producer’s stock worth $123,667,000 after purchasing an additional 1,592,084 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Tellurian by 2.7% during the 3rd quarter. Renaissance Technologies LLC now owns 7,467,500 shares of the oil and gas producer’s stock worth $29,198,000 after acquiring an additional 195,300 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Tellurian by 36.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,805,649 shares of the oil and gas producer’s stock worth $26,610,000 after acquiring an additional 1,815,296 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in shares of Tellurian during the 3rd quarter worth approximately $21,710,000. 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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