Tellurian (NASDAQ:TELL) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

A number of other analysts have also commented on the company. Raymond James initiated coverage on Tellurian in a report on Wednesday, February 13th. They set an “outperform” rating and a $12.00 price objective for the company. Scotiabank initiated coverage on Tellurian in a report on Friday, February 8th. They set a “sector perform” rating for the company. Credit Suisse Group upped their target price on Tellurian from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Thursday, February 28th. BTIG Research initiated coverage on Tellurian in a report on Monday, March 11th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Zacks Investment Research raised Tellurian from a “sell” rating to a “hold” rating in a report on Friday, March 8th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Tellurian presently has an average rating of “Buy” and a consensus target price of $13.25.

TELL traded up $0.56 during midday trading on Wednesday, reaching $11.24. 2,984,959 shares of the company were exchanged, compared to its average volume of 1,807,791. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market capitalization of $2.57 billion, a P/E ratio of -19.72 and a beta of 1.92. Tellurian has a one year low of $5.90 and a one year high of $12.45.

Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc grew its holdings in shares of Tellurian by 12.1% in the fourth quarter. Legal & General Group Plc now owns 15,398 shares of the oil and gas producer’s stock valued at $107,000 after acquiring an additional 1,660 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Tellurian by 280.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the oil and gas producer’s stock valued at $27,000 after acquiring an additional 2,800 shares in the last quarter. North Star Investment Management Corp. grew its holdings in shares of Tellurian by 1.2% in the fourth quarter. North Star Investment Management Corp. now owns 255,500 shares of the oil and gas producer’s stock valued at $1,776,000 after acquiring an additional 3,000 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Tellurian by 6.7% in the fourth quarter. New York State Common Retirement Fund now owns 83,300 shares of the oil and gas producer’s stock valued at $579,000 after acquiring an additional 5,200 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Tellurian by 3.6% in the third quarter. Teachers Advisors LLC now owns 160,732 shares of the oil and gas producer’s stock valued at $1,442,000 after acquiring an additional 5,559 shares in the last quarter. 21.47% of the stock is owned by institutional investors.

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.

Further Reading: Market Capitalization

Analyst Recommendations for Tellurian (NASDAQ:TELL)

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