Tellurian Inc (NASDAQ:TELL) shares gapped down prior to trading on Thursday . The stock had previously closed at $8.04, but opened at $8.46. Tellurian shares last traded at $8.62, with a volume of 42082 shares traded.

TELL has been the subject of several analyst reports. BidaskClub upgraded Tellurian from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Zacks Investment Research upgraded Tellurian from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Robert W. Baird initiated coverage on Tellurian in a research report on Tuesday, August 14th. They issued an “outperform” rating and a $15.00 price objective for the company. Finally, Cowen lowered Tellurian from an “outperform” rating to a “market perform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Tellurian currently has a consensus rating of “Hold” and an average target price of $12.42.

The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -10.22 and a beta of 1.56.

Tellurian (NASDAQ:TELL) last released its quarterly earnings results on Wednesday, August 8th. The oil and gas producer reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $0.81 million during the quarter, compared to analyst estimates of $5.45 million. equities research analysts predict that Tellurian Inc will post -0.58 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC boosted its position in shares of Tellurian by 23.3% during the second quarter. MetLife Investment Advisors LLC now owns 38,940 shares of the oil and gas producer’s stock worth $324,000 after buying an additional 7,357 shares during the period. Ahrens Investment Partners LLC boosted its position in shares of Tellurian by 44.8% during the second quarter. Ahrens Investment Partners LLC now owns 24,710 shares of the oil and gas producer’s stock worth $206,000 after buying an additional 7,650 shares during the period. California Public Employees Retirement System boosted its position in shares of Tellurian by 27.1% during the second quarter. California Public Employees Retirement System now owns 41,083 shares of the oil and gas producer’s stock worth $342,000 after buying an additional 8,758 shares during the period. Amalgamated Bank purchased a new position in shares of Tellurian during the second quarter worth $103,000. Finally, PEAK6 Investments L.P. purchased a new position in shares of Tellurian during the second quarter worth $125,000. Institutional investors and hedge funds own 17.28% of the company’s stock.

About Tellurian (NASDAQ:TELL)

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) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

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