Tellurian Inc (TELL) Receives Average Recommendation of “Buy” from Brokerages
Shares of Tellurian Inc (NASDAQ:TELL) have received a consensus rating of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $12.69.
TELL has been the subject of a number of analyst reports. Stifel Nicolaus initiated coverage on shares of Tellurian in a research note on Thursday, January 4th. They set a “buy” rating and a $16.00 target price for the company. Zacks Investment Research raised shares of Tellurian from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Tuesday, March 20th. BidaskClub raised shares of Tellurian from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo initiated coverage on shares of Tellurian in a research note on Tuesday. They issued a “market perform” rating for the company.
In related news, insider Meg Gentle purchased 100,000 shares of Tellurian stock in a transaction dated Monday, April 2nd. The stock was bought at an average cost of $6.96 per share, with a total value of $696,000.00. Following the purchase, the insider now owns 11,792,263 shares in the company, valued at approximately $82,074,150.48. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Diana Derycz Kessler bought 75,000 shares of the company’s stock in a transaction that occurred on Friday, March 23rd. The stock was acquired at an average price of $7.39 per share, for a total transaction of $554,250.00. Following the completion of the acquisition, the director now directly owns 36,415 shares in the company, valued at $269,106.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 300,000 shares of company stock valued at $2,115,250. Company insiders own 48.30% of the company’s stock.
Tellurian stock opened at $9.00 on Tuesday. The stock has a market cap of $2,012.14, a price-to-earnings ratio of -10.90 and a beta of 1.48. Tellurian has a 52-week low of $6.45 and a 52-week high of $13.74.
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Tellurian Company Profile
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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