Tellurian (NASDAQ:TELL) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Tuesday, BidAskClub reports.

Other analysts have also recently issued research reports about the stock. Gabelli initiated coverage on shares of Tellurian in a research report on Monday, May 13th. They set a “buy” rating on the stock. Stifel Nicolaus cut shares of Tellurian from a “buy” rating to a “hold” rating and cut their price target for the company from $16.00 to $9.00 in a research report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Tellurian presently has a consensus rating of “Hold” and an average price target of $13.38.

NASDAQ TELL opened at $8.28 on Tuesday. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -14.53 and a beta of 1.76. Tellurian has a twelve month low of $5.12 and a twelve month high of $11.80. The stock has a fifty day simple moving average of $6.72 and a 200 day simple moving average of $8.66. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.24.

Tellurian (NASDAQ:TELL) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.01). The company had revenue of $5.33 million during the quarter, compared to analyst estimates of $21.39 million. Tellurian had a negative net margin of 1,074.80% and a negative return on equity of 48.80%. The business’s revenue for the quarter was up 555.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.17) earnings per share. Research analysts expect that Tellurian will post -0.58 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Tellurian by 2.8% during the second quarter. Vanguard Group Inc. now owns 8,990,069 shares of the oil and gas producer’s stock valued at $70,572,000 after acquiring an additional 244,064 shares during the last quarter. BlackRock Inc. boosted its position in Tellurian by 7.6% during the second quarter. BlackRock Inc. now owns 6,426,162 shares of the oil and gas producer’s stock valued at $50,446,000 after acquiring an additional 455,246 shares during the last quarter. Electron Capital Partners LLC boosted its position in Tellurian by 58.7% during the first quarter. Electron Capital Partners LLC now owns 3,069,483 shares of the oil and gas producer’s stock valued at $34,378,000 after acquiring an additional 1,135,798 shares during the last quarter. Yaupon Capital Management LP boosted its position in shares of Tellurian by 602.3% during the 2nd quarter. Yaupon Capital Management LP now owns 1,591,704 shares of the oil and gas producer’s stock worth $12,495,000 after purchasing an additional 1,365,054 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Tellurian by 47.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,445,288 shares of the oil and gas producer’s stock worth $11,346,000 after purchasing an additional 465,888 shares in the last quarter. 20.95% of the stock is currently owned by institutional investors and hedge funds.

About Tellurian

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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