Shares of Tellurian Inc. (NASDAQ:TELL) have been assigned a consensus recommendation of "Hold" from the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $3.63.
Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Tellurian from a "sell" rating to a "hold" rating in a research report on Tuesday, October 13th. Zacks Investment Research upgraded shares of Tellurian from a "sell" rating to a "hold" rating in a research report on Thursday, July 30th.
Shares of NASDAQ:TELL opened at $1.10 on Friday. The company has a 50 day moving average of $0.92 and a 200 day moving average of $1.00. The stock has a market cap of $363.51 million, a P/E ratio of -1.04 and a beta of 2.32. Tellurian has a 12 month low of $0.67 and a 12 month high of $8.69. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.40.
Tellurian (NASDAQ:TELL) last issued its quarterly earnings data on Friday, November 6th. The oil and gas producer reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Tellurian had a negative net margin of 747.05% and a negative return on equity of 106.47%. On average, equities analysts forecast that Tellurian will post -0.4 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in TELL. Segall Bryant & Hamill LLC increased its position in Tellurian by 33.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 40,000 shares of the oil and gas producer's stock valued at $32,000 after purchasing an additional 10,000 shares during the period. Advisor Group Holdings Inc. purchased a new position in Tellurian during the 1st quarter valued at $65,000. State Board of Administration of Florida Retirement System increased its position in Tellurian by 35.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 57,335 shares of the oil and gas producer's stock valued at $66,000 after purchasing an additional 15,093 shares during the period. Kestra Advisory Services LLC purchased a new position in Tellurian during the 3rd quarter valued at $74,000. Finally, GWM Advisors LLC increased its position in Tellurian by 21.1% during the 2nd quarter. GWM Advisors LLC now owns 70,755 shares of the oil and gas producer's stock valued at $81,000 after purchasing an additional 12,325 shares during the period. Institutional investors and hedge funds own 12.24% of the company's stock.
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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10 Stocks to Buy On Fears of a Second Coronavirus Wave
Ever since the U.S. economy began to re-open (and honestly before that), there was concern over the impending “second wave” of the novel coronavirus. And although the second wave of the virus was not expected to hit until the fall, the concerns have been escalating as case numbers rise in multiple states.
And despite the Trump administration’s vehement statements that the economy would not shut down, we learned on February 25 that Texas was now pausing, and in some cases rolling back, its reopening measures in an effort to stem the spread of the virus.
And this is happening as the Centers for Disease Control (CDC) is now saying that it’s possible that 20 million Americans may have the coronavirus based on a sample of blood tests that are showing who has the antibodies in their system.
For its part, the stock market reacted sharply to the move. It was a move that undoubtedly frustrated many weary investors. In fact, you might be among those that have had just about enough of the Covid-19 market. I understand, I’m there too.
But, institutional investors are forward-looking. And right now, they don’t like what they see. So stocks are having another broad selloff.
However, in the midst of any selloff, there is money to be made. And the good news for investors is that many of the same stocks that were good buys in March are still the stocks to buy right now. And while some of these stocks fit the classic definition of defensive stocks, you’ll find a few genuine growth stocks included on this list as well.
View the "10 Stocks to Buy On Fears of a Second Coronavirus Wave".