BidaskClub downgraded shares of Tellurian (NASDAQ:TELL) from a sell rating to a strong sell rating in a research note released on Saturday, BidAskClub reports.

Several other equities research analysts have also issued reports on the stock. Stifel Nicolaus lowered shares of Tellurian from a buy rating to a hold rating and dropped their price objective for the stock from $16.00 to $9.00 in a research report on Tuesday, July 16th. Gabelli started coverage on shares of Tellurian in a research report on Monday, May 13th. They issued a buy rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $13.38.

NASDAQ:TELL opened at $5.76 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $1.27 billion, a P/E ratio of -10.11 and a beta of 1.76. Tellurian has a fifty-two week low of $5.12 and a fifty-two week high of $11.80. The stock’s 50 day moving average is $6.92.

Tellurian (NASDAQ:TELL) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.01). Tellurian had a negative return on equity of 48.80% and a negative net margin of 1,074.80%. The business had revenue of $5.33 million during the quarter, compared to analyst estimates of $21.39 million. During the same period in the previous year, the company earned ($0.17) EPS. Tellurian’s revenue was up 555.6% on a year-over-year basis. As a group, research analysts anticipate that Tellurian will post -0.54 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Tellurian by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 395,866 shares of the oil and gas producer’s stock worth $2,751,000 after acquiring an additional 42,426 shares during the last quarter. Geode Capital Management LLC increased its stake in Tellurian by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 1,123,881 shares of the oil and gas producer’s stock worth $7,810,000 after acquiring an additional 75,120 shares during the last quarter. Bank of America Corp DE increased its stake in Tellurian by 265.3% during the fourth quarter. Bank of America Corp DE now owns 71,301 shares of the oil and gas producer’s stock worth $495,000 after acquiring an additional 51,784 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Tellurian by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 27,500 shares of the oil and gas producer’s stock worth $191,000 after acquiring an additional 21,478 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Tellurian during the fourth quarter worth approximately $89,000. 21.43% of the stock is 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) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline in southwest Louisiana.

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Analyst Recommendations for Tellurian (NASDAQ:TELL)

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