Tellurian (TELL) Upgraded by BidaskClub to “Strong-Buy”
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.
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
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