Tellurian (NYSEAMERICAN:TELL) Downgraded by Evercore ISI to “In-Line”

Evercore ISI downgraded shares of Tellurian (NYSEAMERICAN:TELLGet Rating) from an outperform rating to an in-line rating in a research note issued to investors on Tuesday morning, reports. Evercore ISI currently has $4.50 price target on the oil and gas producer’s stock, down from their previous price target of $7.50.

TELL has been the topic of several other reports. Roth Capital reissued a buy rating on shares of Tellurian in a research report on Tuesday, May 10th. Credit Suisse Group decreased their target price on shares of Tellurian from $8.00 to $7.00 in a research report on Monday, June 6th.

Tellurian Stock Performance

TELL stock opened at $3.27 on Tuesday. Tellurian has a one year low of $2.23 and a one year high of $6.53. The firm has a market cap of $1.86 billion, a PE ratio of -9.34 and a beta of 2.20. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.98 and a quick ratio of 3.98. The stock has a fifty day moving average price of $3.79.

Tellurian (NYSEAMERICAN:TELLGet Rating) last released its earnings results on Wednesday, May 4th. The oil and gas producer reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Tellurian had a negative return on equity of 39.86% and a negative net margin of 73.68%. The firm had revenue of $146.94 million during the quarter, compared to analyst estimates of $31.19 million. Equities analysts forecast that Tellurian will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tellurian

Several hedge funds and other institutional investors have recently modified their holdings of the company. Paulson & CO. Inc. acquired a new stake in Tellurian during the 4th quarter worth about $15,400,000. First Trust Advisors LP raised its holdings in Tellurian by 208.0% during the 4th quarter. First Trust Advisors LP now owns 5,360,310 shares of the oil and gas producer’s stock worth $16,510,000 after buying an additional 3,619,847 shares during the period. Salient Capital Advisors LLC increased its holdings in shares of Tellurian by 100.1% in the 2nd quarter. Salient Capital Advisors LLC now owns 5,135,777 shares of the oil and gas producer’s stock valued at $15,305,000 after purchasing an additional 2,568,885 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Tellurian by 211.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,792,885 shares of the oil and gas producer’s stock valued at $14,802,000 after purchasing an additional 1,896,469 shares during the period. Finally, Long Focus Capital Management LLC acquired a new position in shares of Tellurian in the 4th quarter valued at about $5,698,000. Institutional investors and hedge funds own 33.68% of the company’s stock.

Tellurian Company Profile

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Tellurian Inc engages in the natural gas business 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. It owns interests in 11,060 net acres of natural gas assets and 78 producing wells located in the Haynesville Shale trend of northern Louisiana.

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