Tellurian’s (TELL) Sell Rating Reiterated at Morgan Stanley

Morgan Stanley restated their sell rating on shares of Tellurian (NASDAQ:TELL) in a research report sent to investors on Sunday morning, AnalystRatings.com reports.

TELL has been the subject of a number of other reports. Robert W. Baird downgraded shares of Tellurian from an outperform rating to a neutral rating and dropped their price target for the stock from $5.00 to $2.00 in a research note on Monday, March 9th. Credit Suisse Group reissued a neutral rating on shares of Tellurian in a research note on Thursday, March 12th. BidaskClub raised shares of Tellurian from a strong sell rating to a sell rating in a research note on Saturday, June 13th. Zacks Investment Research downgraded shares of Tellurian from a buy rating to a hold rating in a research note on Monday, May 4th. Finally, Raymond James downgraded shares of Tellurian from an outperform rating to a market perform rating in a research note on Thursday, March 12th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $6.50.

TELL opened at $1.04 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $288.78 million, a price-to-earnings ratio of -1.44 and a beta of 2.87. The firm has a 50 day simple moving average of $1.15 and a 200 day simple moving average of $3.28. Tellurian has a fifty-two week low of $0.67 and a fifty-two week high of $9.28.

Tellurian (NASDAQ:TELL) last posted its quarterly earnings results on Monday, May 4th. The oil and gas producer reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.04). The business had revenue of $8.22 million for the quarter, compared to the consensus estimate of $6.42 million. Tellurian had a negative return on equity of 83.65% and a negative net margin of 494.44%. As a group, analysts expect that Tellurian will post -0.48 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Tellurian in the first quarter valued at approximately $39,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of Tellurian in the fourth quarter valued at approximately $242,000. Sei Investments Co. acquired a new position in shares of Tellurian in the fourth quarter valued at approximately $290,000. Nuveen Asset Management LLC boosted its holdings in shares of Tellurian by 3.2% in the fourth quarter. Nuveen Asset Management LLC now owns 1,113,500 shares of the oil and gas producer’s stock valued at $8,107,000 after buying an additional 34,530 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Tellurian by 39.7% in the fourth quarter. Bank of America Corp DE now owns 150,450 shares of the oil and gas producer’s stock valued at $1,094,000 after buying an additional 42,746 shares during the period. Institutional investors own 14.31% of the company’s stock.

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) 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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Analyst Recommendations for Tellurian (NASDAQ:TELL)

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