Shares of Magellan Petroleum Corporation (NASDAQ:TELL) have been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Zacks has also assigned Magellan Petroleum Corporation an industry rank of 95 out of 265 based on the ratings given to related companies.

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Several institutional investors have recently made changes to their positions in TELL. UBS Group AG purchased a new position in shares of Magellan Petroleum Corporation during the first quarter valued at $105,000. Fifth Third Bancorp purchased a new position in shares of Magellan Petroleum Corporation during the first quarter valued at $141,000. Segantii Capital Management Ltd purchased a new position in shares of Magellan Petroleum Corporation during the first quarter valued at $164,000. Menta Capital LLC purchased a new position in shares of Magellan Petroleum Corporation during the first quarter valued at $241,000. Finally, Bank of America Corp DE purchased a new position in shares of Magellan Petroleum Corporation during the first quarter valued at $307,000. Hedge funds and other institutional investors own 8.96% of the company’s stock.

Shares of Magellan Petroleum Corporation (NASDAQ TELL) traded down 0.58% on Friday, hitting $10.20. 749,071 shares of the company traded hands. The firm’s 50 day moving average price is $9.04 and its 200-day moving average price is $10.71. Magellan Petroleum Corporation has a 1-year low of $4.70 and a 1-year high of $21.74. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 204.00 and a beta of 1.07.

About Magellan Petroleum Corporation

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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