Bank of America downgraded shares of Tellurian (NASDAQ:TELL) from a buy rating to a neutral rating in a research note published on Friday morning, The Fly reports.

TELL has been the topic of a number of other research reports. ValuEngine lowered Tellurian from a buy rating to a hold rating in a research note on Wednesday, August 21st. Stifel Nicolaus downgraded Tellurian from a buy rating to a hold rating and dropped their target price for the stock from $16.00 to $9.00 in a research report on Tuesday, July 16th. Gabelli started coverage on Tellurian in a research report on Monday, May 13th. They set a buy rating for the company. Finally, BidaskClub upgraded Tellurian from a strong sell rating to a sell rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $13.38.

Tellurian stock opened at $7.50 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $2.23 billion, a P/E ratio of -13.16 and a beta of 1.76. The business’s fifty day moving average is $6.77 and its two-hundred day moving average is $8.64. Tellurian has a 52 week low of $5.12 and a 52 week high of $11.80.

Tellurian (NASDAQ:TELL) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.01). The business had revenue of $5.33 million during the quarter, compared to analyst estimates of $21.39 million. Tellurian had a negative return on equity of 48.80% and a negative net margin of 1,074.80%. Tellurian’s revenue for the quarter was up 555.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.17) EPS. On average, equities research analysts predict that Tellurian will post -0.58 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in TELL. Yaupon Capital Management LP raised its position in shares of Tellurian by 602.3% during the second quarter. Yaupon Capital Management LP now owns 1,591,704 shares of the oil and gas producer’s stock worth $12,495,000 after acquiring an additional 1,365,054 shares during the last quarter. Electron Capital Partners LLC raised its position in shares of Tellurian by 58.7% during the first quarter. Electron Capital Partners LLC now owns 3,069,483 shares of the oil and gas producer’s stock worth $34,378,000 after acquiring an additional 1,135,798 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Tellurian by 47.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,445,288 shares of the oil and gas producer’s stock worth $11,346,000 after acquiring an additional 465,888 shares during the last quarter. BlackRock Inc. raised its position in shares of Tellurian by 7.6% during the second quarter. BlackRock Inc. now owns 6,426,162 shares of the oil and gas producer’s stock worth $50,446,000 after acquiring an additional 455,246 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of Tellurian during the second quarter worth $3,056,000. Institutional investors own 20.95% of the company’s stock.

About Tellurian

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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