Tellurian Inc (TELL)

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Tellurian (TELL) Earns Buy Rating from Analysts at Stifel Nicolaus
Posted by Donna Armstrong | Jan 11th, 2018

Tellurian Inc logoStifel Nicolaus initiated coverage on shares of Tellurian (NASDAQ:TELL) in a research report sent to investors on Thursday, January 4th, Marketbeat.com reports. The brokerage issued a buy rating and a $16.00 price target on the oil and gas producer’s stock.

A number of other research firms also recently weighed in on TELL. BidaskClub downgraded shares of Tellurian from a hold rating to a sell rating in a report on Thursday, December 14th. Seaport Global Securities started coverage on shares of Tellurian in a report on Thursday, December 14th. They set a buy rating and a $14.00 price target on the stock. Finally, Cowen started coverage on shares of Tellurian in a report on Friday, November 17th. They issued an outperform rating and a $13.50 target price on the stock.
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Shares of Tellurian (NASDAQ TELL) traded up $0.01 during trading hours on Thursday, hitting $11.37. 1,974,401 shares of the company’s stock were exchanged, compared to its average volume of 1,732,114. The firm has a market cap of $2,610.00, a price-to-earnings ratio of -8.75 and a beta of 1.06. Tellurian has a 52 week low of $8.19 and a 52 week high of $21.74.

A hedge fund recently bought a new stake in Tellurian stock. Nationwide Fund Advisors bought a new position in Tellurian Inc (NASDAQ:TELL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 31,228 shares of the oil and gas producer’s stock, valued at approximately $313,000. 9.31% of the stock is currently owned by institutional investors.

About Tellurian

Tellurian Inc, formerly Magellan Petroleum Corporation, is an oil and gas exploration and production company. The Company focuses on the development of liquefied natural gas (LNG) projects along the United States Gulf Coast through its subsidiary, Tellurian Investments Inc The Company owns interests in the Horse Hill-1 well and related licenses in the Weald Basin, onshore the United Kingdom, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia.

https://www.thelincolnianonline.com/2018/01/11/tellurian-tell-research-coverage-started-at-stifel-nicolaus-updated.html