Tellurian (NYSEAMERICAN:TELL) Given New $2.50 Price Target at B. Riley

Tellurian (NYSEAMERICAN:TELLGet Free Report) had its price objective cut by investment analysts at B. Riley from $3.00 to $2.50 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. B. Riley’s price target suggests a potential upside of 411.67% from the company’s current price.

Separately, Morgan Stanley lowered their price target on shares of Tellurian from $2.50 to $1.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 13th.

Check Out Our Latest Report on Tellurian

Tellurian Price Performance

NYSEAMERICAN TELL opened at $0.49 on Friday. Tellurian has a 1 year low of $0.36 and a 1 year high of $1.76. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $408.58 million, a P/E ratio of -1.63 and a beta of 2.44. The company has a fifty day moving average of $0.73.

Tellurian (NYSEAMERICAN:TELLGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Tellurian had a negative net margin of 129.88% and a negative return on equity of 25.12%. The business had revenue of $25.47 million during the quarter, compared to analysts’ expectations of $34.19 million. On average, research analysts expect that Tellurian will post -0.19 earnings per share for the current year.

Institutional Investors Weigh In On Tellurian

Several institutional investors and hedge funds have recently added to or reduced their stakes in TELL. Vanguard Group Inc. grew its stake in shares of Tellurian by 4.5% in the third quarter. Vanguard Group Inc. now owns 42,954,827 shares of the oil and gas producer’s stock valued at $49,828,000 after buying an additional 1,844,374 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Tellurian by 31.5% during the fourth quarter. SG Americas Securities LLC now owns 306,395 shares of the oil and gas producer’s stock valued at $232,000 after purchasing an additional 73,428 shares during the period. New York State Common Retirement Fund lifted its position in shares of Tellurian by 73.0% during the fourth quarter. New York State Common Retirement Fund now owns 787,273 shares of the oil and gas producer’s stock worth $595,000 after purchasing an additional 332,323 shares in the last quarter. Beacon Pointe Advisors LLC boosted its stake in shares of Tellurian by 55.3% in the fourth quarter. Beacon Pointe Advisors LLC now owns 104,313 shares of the oil and gas producer’s stock valued at $79,000 after purchasing an additional 37,164 shares during the period. Finally, Kestra Private Wealth Services LLC grew its holdings in Tellurian by 70.8% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 41,000 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 17,000 shares in the last quarter. 48.87% of the stock is currently owned by institutional investors and hedge funds.

Tellurian Company Profile

(Get Free Report)

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.

Further Reading

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