Tellurian (TELL) Coverage Initiated at Stifel Nicolaus
Stock analysts at Stifel Nicolaus began coverage on shares of Tellurian (NASDAQ:TELL) in a report released on Thursday, The Fly reports. The firm set a “buy” rating on the oil and gas producer’s stock.
TELL has been the subject of several other research reports. Seaport Global Securities started coverage on Tellurian in a report on Thursday, December 14th. They issued a “buy” rating and a $14.00 price objective for the company. BidaskClub cut Tellurian from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Finally, Cowen started coverage on Tellurian in a report on Friday, November 17th. They issued an “outperform” rating and a $13.50 price objective for the company.
Shares of Tellurian (NASDAQ TELL) traded up $0.01 during midday trading on Thursday, hitting $10.03. The stock had a trading volume of 1,101,200 shares, compared to its average volume of 1,196,450. The company has a market cap of $2,240.00, a PE ratio of -7.72 and a beta of 1.06. Tellurian has a 12 month low of $8.19 and a 12 month high of $21.74.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nationwide Fund Advisors bought a new position in Tellurian during the second quarter worth about $313,000. Goldman Sachs Group Inc. bought a new position in Tellurian during the first quarter worth about $3,352,000. Credit Suisse AG bought a new position in Tellurian during the first quarter worth about $414,000. BlueCrest Capital Management Ltd bought a new position in Tellurian during the first quarter worth about $579,000. Finally, Bank of America Corp DE bought a new position in Tellurian during the first quarter worth about $307,000. Institutional investors own 9.31% of the company’s stock.
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Tellurian Company Profile
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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