Stifel Nicolaus restated their buy rating on shares of Tellurian (NASDAQ:TELL) in a research note published on Thursday, MarketBeat.com reports. Stifel Nicolaus currently has a $14.00 price objective on the oil and gas producer’s stock, down from their prior price objective of $15.00.

TELL has been the subject of several other reports. Wells Fargo & Co began coverage on shares of Tellurian in a report on Tuesday, April 17th. They set a market perform rating and a $7.50 target price for the company. Zacks Investment Research lowered shares of Tellurian from a buy rating to a hold rating in a report on Saturday, May 12th. Finally, BidaskClub lowered shares of Tellurian from a hold rating to a sell rating in a report on Saturday, June 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Tellurian currently has a consensus rating of Buy and a consensus price target of $11.50.

Shares of TELL opened at $7.10 on Thursday. Tellurian has a one year low of $6.45 and a one year high of $13.74. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -8.66 and a beta of 1.52.

Tellurian (NASDAQ:TELL) last issued its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported ($0.17) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.04). The business had revenue of $0.81 million for the quarter, compared to analyst estimates of $5.45 million. equities analysts anticipate that Tellurian will post -0.48 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Perella Weinberg Partners Capital Management LP purchased a new position in shares of Tellurian during the second quarter valued at approximately $7,774,000. ING Groep NV purchased a new position in shares of Tellurian during the first quarter valued at approximately $382,000. Northern Trust Corp lifted its holdings in shares of Tellurian by 5.4% during the first quarter. Northern Trust Corp now owns 696,444 shares of the oil and gas producer’s stock valued at $5,021,000 after purchasing an additional 35,814 shares during the last quarter. North Star Investment Management Corp. purchased a new position in shares of Tellurian during the second quarter valued at approximately $2,101,000. Finally, Alliancebernstein L.P. lifted its holdings in shares of Tellurian by 90.6% during the fourth quarter. Alliancebernstein L.P. now owns 80,800 shares of the oil and gas producer’s stock valued at $787,000 after purchasing an additional 38,400 shares during the last quarter. Hedge funds and other institutional investors own 12.99% 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) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

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