Tellurian (NASDAQ:TELL) Coverage Initiated at Evercore ISI

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Evercore ISI began coverage on shares of Tellurian (NASDAQ:TELL) in a research report report published on Tuesday, BenzingaRatingsTable reports. The firm issued an outperform rating and a $14.00 price target on the oil and gas producer’s stock.

Several other equities analysts have also issued reports on TELL. BidaskClub upgraded Tellurian from a strong sell rating to a sell rating in a research note on Tuesday, August 20th. ValuEngine lowered Tellurian from a buy rating to a hold rating in a research note on Tuesday, September 10th. Raymond James cut their target price on Tellurian from $13.00 to $12.00 and set an outperform rating on the stock in a research note on Tuesday, August 27th. Bank of America lowered Tellurian from a buy rating to a neutral rating in a research note on Friday, August 23rd. Finally, Stifel Nicolaus lowered Tellurian from a buy rating to a hold rating and cut their target price for the company from $16.00 to $9.00 in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $12.88.

TELL opened at $8.58 on Tuesday. The business’s 50-day moving average is $6.73 and its two-hundred day moving average is $8.29. Tellurian has a 1 year low of $5.12 and a 1 year high of $11.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $2.08 billion, a PE ratio of -15.05 and a beta of 1.75.

Tellurian (NASDAQ:TELL) last posted its earnings results on Wednesday, August 7th. The oil and gas producer reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.01). Tellurian had a negative net margin of 1,074.80% and a negative return on equity of 48.80%. The company had revenue of $5.33 million during the quarter, compared to analysts’ expectations of $21.39 million. During the same quarter last year, the firm earned ($0.17) EPS. Tellurian’s revenue for the quarter was up 555.6% on a year-over-year basis. As a group, sell-side analysts expect that Tellurian will post -0.63 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC increased its position in shares of Tellurian by 12.2% in the second quarter. Catalyst Capital Advisors LLC now owns 437,148 shares of the oil and gas producer’s stock valued at $3,432,000 after buying an additional 47,687 shares in the last quarter. First Trust Advisors LP acquired a new position in Tellurian during the second quarter worth $2,788,000. Aperio Group LLC acquired a new position in Tellurian during the second quarter worth $115,000. Swiss National Bank boosted its stake in Tellurian by 16.6% during the second quarter. Swiss National Bank now owns 178,900 shares of the oil and gas producer’s stock worth $1,404,000 after buying an additional 25,500 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in Tellurian by 65.3% during the first quarter. Citigroup Inc. now owns 316,521 shares of the oil and gas producer’s stock worth $3,545,000 after buying an additional 125,036 shares during the last quarter. 21.73% of the stock is owned by institutional investors and hedge funds.

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) 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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