Tellurian (TELL) Upgraded at BidaskClub

BidaskClub upgraded shares of Tellurian (NASDAQ:TELL) from a strong sell rating to a sell rating in a report released on Wednesday morning.

Several other research firms have also commented on TELL. Stifel Nicolaus assumed coverage on Tellurian in a research report on Thursday, January 4th. They issued a buy rating and a $16.00 price objective on the stock. Seaport Global Securities began coverage on Tellurian in a research report on Thursday, December 14th. They set a buy rating and a $14.00 target price on the stock. Finally, Zacks Investment Research upgraded Tellurian from a hold rating to a buy rating and set a $8.25 target price on the stock in a research report on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $12.69.

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Tellurian stock opened at $7.87 on Wednesday. Tellurian has a 12 month low of $6.45 and a 12 month high of $13.74. The company has a market capitalization of $1,786.03, a price-to-earnings ratio of -9.60 and a beta of 1.47.

In other Tellurian news, insider Meg Gentle bought 100,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The shares were purchased at an average price of $6.96 per share, for a total transaction of $696,000.00. Following the transaction, the insider now directly owns 11,792,263 shares of the company’s stock, valued at approximately $82,074,150.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Diana Derycz Kessler bought 50,000 shares of the firm’s stock in a transaction dated Monday, March 26th. The shares were acquired at an average price of $6.68 per share, for a total transaction of $334,000.00. Following the transaction, the director now directly owns 36,415 shares in the company, valued at $243,252.20. The disclosure for this purchase can be found here. Insiders have bought a total of 300,000 shares of company stock worth $2,115,250 in the last quarter. Insiders own 48.30% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Swiss National Bank lifted its position in shares of Tellurian by 8.0% during the 4th quarter. Swiss National Bank now owns 107,800 shares of the oil and gas producer’s stock valued at $1,050,000 after buying an additional 8,000 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Tellurian by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 626,231 shares of the oil and gas producer’s stock valued at $6,099,000 after buying an additional 10,116 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Tellurian during the 4th quarter valued at approximately $103,000. Schwab Charles Investment Management Inc. lifted its position in shares of Tellurian by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 300,958 shares of the oil and gas producer’s stock valued at $2,932,000 after buying an additional 11,390 shares in the last quarter. Finally, BB&T Securities LLC purchased a new position in shares of Tellurian during the 4th quarter valued at approximately $184,000. Hedge funds and other institutional investors own 13.59% of the company’s stock.

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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) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

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