Tellurian (TELL) Shares Down 2.2%
Tellurian Inc (NASDAQ:TELL)’s share price traded down 2.2% during mid-day trading on Monday . The company traded as low as $8.04 and last traded at $8.25. 716,514 shares traded hands during trading, a decline of 37% from the average session volume of 1,138,045 shares. The stock had previously closed at $8.07.
A number of equities analysts recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Tellurian in a research report on Thursday, January 4th. They set a “buy” rating and a $16.00 price objective for the company. Cowen assumed coverage on shares of Tellurian in a research report on Friday, November 17th. They set an “outperform” rating and a $13.50 price objective for the company. BidaskClub cut shares of Tellurian from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 22nd. Finally, Seaport Global Securities assumed coverage on shares of Tellurian in a research report on Thursday, December 14th. They set a “buy” rating and a $14.00 price objective for the company.
The firm has a market capitalization of $1,810.00, a PE ratio of -6.23 and a beta of 1.27.
Tellurian Inc, formerly Magellan Petroleum Corporation, is an oil and gas exploration and production company. The Company focuses on the development of liquefied natural gas (LNG) projects along the United States Gulf Coast through its subsidiary, Tellurian Investments Inc The Company owns interests in the Horse Hill-1 well and related licenses in the Weald Basin, onshore the United Kingdom, and an exploration block, NT/P82, in the Bonaparte Basin, offshore Northern Territory, Australia.
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