Tellurian (TELL) Coverage Initiated at Seaport Global Securities
Stock analysts at Seaport Global Securities initiated coverage on shares of Tellurian (NASDAQ:TELL) in a report released on Thursday. The brokerage set a “buy” rating and a $14.00 price target on the oil and gas producer’s stock. Seaport Global Securities’ price objective suggests a potential upside of 45.99% from the company’s previous close.
TELL has been the topic of several other research reports. Cowen assumed coverage on shares of Tellurian in a research report on Friday, November 17th. They set an “outperform” rating and a $13.50 price target on the stock. BidaskClub lowered shares of Tellurian from a “hold” rating to a “sell” rating in a research report on Thursday.
Shares of Tellurian (TELL) opened at $9.59 on Thursday. Tellurian has a 52-week low of $6.30 and a 52-week high of $21.74.
Institutional investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new stake in Tellurian in the first quarter valued at approximately $307,000. Morgan Stanley acquired a new stake in Tellurian in the first quarter valued at approximately $1,811,000. Nationwide Fund Advisors acquired a new stake in Tellurian in the second quarter valued at approximately $313,000. California Public Employees Retirement System acquired a new stake in Tellurian in the first quarter valued at approximately $379,000. Finally, Credit Suisse AG acquired a new stake in Tellurian in the first quarter valued at approximately $414,000. Hedge funds and other institutional investors own 9.81% of the company’s stock.
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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