Tellurian (TELL) Trading Up 5.2%
Tellurian Inc (NASDAQ:TELL) shares were up 5.2% during mid-day trading on Wednesday . The company traded as high as $11.29 and last traded at $11.24. Approximately 3,002,177 shares changed hands during trading, an increase of 66% from the average daily volume of 1,807,788 shares. The stock had previously closed at $10.68.
A number of research analysts recently issued reports on TELL shares. BidaskClub raised shares of Tellurian from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 2nd. Raymond James started coverage on shares of Tellurian in a research report on Wednesday, February 13th. They set an “outperform” rating and a $12.00 price target for the company. Scotiabank started coverage on shares of Tellurian in a research report on Friday, February 8th. They set a “sector perform” rating for the company. Credit Suisse Group lifted their price target on shares of Tellurian from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Thursday, February 28th. Finally, BTIG Research started coverage on shares of Tellurian in a research report on Monday, March 11th. They set a “buy” rating and a $20.00 price target for the company. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $13.25.
The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $2.57 billion, a PE ratio of -19.72 and a beta of 1.92.
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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) 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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