Tellurian Inc (TELL) Given Consensus Recommendation of “Buy” by Analysts

Tellurian Inc (NASDAQ:TELL) has been assigned an average recommendation of “Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $12.69.

Several equities research analysts have recently weighed in on TELL shares. BidaskClub downgraded shares of Tellurian from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 22nd. Stifel Nicolaus started coverage on shares of Tellurian in a research report on Thursday, January 4th. They issued a “buy” rating and a $16.00 target price for the company. Zacks Investment Research raised shares of Tellurian from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Tuesday, March 20th. Finally, Wells Fargo started coverage on shares of Tellurian in a research report on Tuesday. They issued a “market perform” rating for the company.

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TELL opened at $9.00 on Tuesday. The stock has a market capitalization of $2,012.14, a PE ratio of -10.90 and a beta of 1.48. Tellurian has a 1-year low of $6.45 and a 1-year high of $13.74.

In other Tellurian news, insider Meg Gentle purchased 100,000 shares of the firm’s stock in a transaction dated Monday, April 2nd. The stock was acquired at an average cost of $6.96 per share, with a total value of $696,000.00. Following the acquisition, the insider now owns 11,792,263 shares of the company’s stock, valued at approximately $82,074,150.48. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Diana Derycz Kessler purchased 75,000 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The stock was acquired at an average cost of $7.08 per share, with a total value of $531,000.00. Following the completion of the acquisition, the director now directly owns 36,415 shares in the company, valued at approximately $257,818.20. The disclosure for this purchase can be found here. Insiders bought a total of 300,000 shares of company stock valued at $2,115,250 over the last ninety days. Company insiders own 48.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hudson Bay Capital Management LP acquired a new position in shares of Tellurian in the 4th quarter valued at about $487,000. Citadel Advisors LLC boosted its stake in Tellurian by 2,111.6% during the 4th quarter. Citadel Advisors LLC now owns 724,929 shares of the oil and gas producer’s stock valued at $7,061,000 after purchasing an additional 692,150 shares during the period. Granite Point Capital Management L.P. acquired a new position in Tellurian during the 4th quarter valued at about $438,000. Monashee Investment Management LLC acquired a new position in Tellurian during the 4th quarter valued at about $974,000. Finally, Centenus Global Management LP acquired a new position in Tellurian during the 4th quarter valued at about $974,000. 13.59% of the stock is owned by institutional investors and hedge funds.

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

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