Tellurian (NASDAQ:TELL) was upgraded by stock analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating in a report issued on Thursday, Briefing.com reports. The firm currently has a $5.00 price objective on the oil and gas producer's stock. Wolfe Research's price objective indicates a potential upside of 100.80% from the stock's previous close.
Separately, Zacks Investment Research upgraded Tellurian from a "hold" rating to a "buy" rating and set a $2.00 price target on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Tellurian currently has an average rating of "Hold" and a consensus target price of $3.25.
Shares of NASDAQ TELL opened at $2.49 on Thursday. Tellurian has a 52-week low of $0.67 and a 52-week high of $8.69. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $822.86 million, a price-to-earnings ratio of -2.54 and a beta of 2.62. The stock's fifty day simple moving average is $1.50 and its 200 day simple moving average is $1.09.
Tellurian (NASDAQ:TELL) last issued its quarterly earnings results on Friday, November 6th. The oil and gas producer reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.01. Tellurian had a negative return on equity of 123.99% and a negative net margin of 623.45%. The business had revenue of $14.27 million for the quarter, compared to the consensus estimate of $7.32 million. As a group, analysts anticipate that Tellurian will post -0.41 earnings per share for the current year.
Large investors have recently made changes to their positions in the business. Segall Bryant & Hamill LLC lifted its position in shares of Tellurian by 33.3% in the third quarter. Segall Bryant & Hamill LLC now owns 40,000 shares of the oil and gas producer's stock worth $32,000 after buying an additional 10,000 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Tellurian in the fourth quarter worth about $43,000. Kestra Advisory Services LLC acquired a new stake in shares of Tellurian in the third quarter worth about $74,000. American International Group Inc. lifted its position in shares of Tellurian by 59.6% in the second quarter. American International Group Inc. now owns 89,235 shares of the oil and gas producer's stock worth $103,000 after buying an additional 33,332 shares during the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Tellurian by 10.9% in the third quarter. Alps Advisors Inc. now owns 133,538 shares of the oil and gas producer's stock worth $106,000 after buying an additional 13,162 shares during the last quarter. 11.85% of the stock is owned by institutional investors.
Tellurian Inc engages in the natural gas business 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 terminal facility and an associated pipeline in southwest Louisiana.
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7 Stocks That Will Help You Forget About the Fed
Normally when the Federal Reserve (i.e. the Fed) makes an announcement, the market reacts predictably. That’s due, in large part, to the nature of what the Fed normally announces. Will interest rates go up, down, or remain unchanged? And for their part, the markets have a pretty good idea what the Fed will do before they do it.
But the Fed’s announcement of August 26 was a little different. They talked briefly about interest rates (they’re staying really low for a long time). But they were more concerned about inflation. Well, the Fed is always concerned about inflation, but this time they really mean it. Basic economics says that low-interest rates should spur inflation.
However, the market has been defying conventional wisdom and the Fed is not getting the inflation they want. So the Fed has basically said that they’re letting inflation go rogue. If it goes above their target 2% rate, so be it. The Fed is done trying to hit a target.
At first, the markets cheered the news. Not only was the Fed not taking away the punch bowl, but they were also going to keep the low rate liquidity going for a long time!
But after a little while to digest things, investors are realizing they have to be grown-ups about this. And now investors are considering how to rebalance their portfolios for the remainder of 2020.
I don’t know about them, but if I were you I would target companies that have a high free cash flow (FCF). Whether it’s your personal finances or in evaluating a stock, cash flow is your friend.
When a corporation has high FCF, they have more strong growth in good markets and more flexibility during when the economy is weaker.
As institutional investors come back into the market, it’s time for you to reposition your portfolio for whatever comes next.
View the "7 Stocks That Will Help You Forget About the Fed".