Market Analysts see Tellurian Inc. [TELL] falling to $4.50. Time to buy?

Tellurian Inc. [AMEX: TELL] surged by $0.02 during the normal trading session on Monday and reaching a high of $2.75 during the day while it closed the day at $2.71. The company report on November 2, 2022 that Tellurian Reports 25% Increase in Natural Gas Production for Third Quarter 2022.


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Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) ended the third quarter with a 25% increase in net natural gas production and a 32% increase in natural gas sales, as compared to the second quarter of 2022.

President and CEO Octávio Simões said, “Tellurian continues to increase our domestic natural gas production by adding to our footprint, having now a total of 22,420 net acres, interests in 131 producing wells located in the Haynesville Shale, and more than 300 drillable locations*. In addition, Bechtel is continuing construction on the Driftwood terminal, and Tellurian is fully engaged in our efforts to secure strategic equity partners. The underlying market fundamentals strongly support our strategy of seeking the differential value between domestic and international natural gas prices for our shareholders.”.

Tellurian Inc. stock has also loss -2.17% of its value over the past 7 days. However, TELL stock has declined by -41.09% in the 3 months of the year. Over the past six months meanwhile, it has lost -41.85% and lost -12.01% year-on date.

The market cap for TELL stock reached $1.52 billion, with 538.55 million shares outstanding and 485.58 million shares in the current float. Compared to the average trading volume of 16.68M shares, TELL reached a trading volume of 13058772 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Tellurian Inc. [TELL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TELL shares is $4.63 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TELL stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Tellurian Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 09, 2022. While these analysts kept the previous recommendation, Evercore ISI dropped their target price from $7.50 to $4.50. The new note on the price target was released on August 02, 2022, representing the official price target for Tellurian Inc. stock. Previously, the target price had yet another raise from $5.50 to $8, while Credit Suisse kept a Outperform rating on TELL stock.

The Average True Range (ATR) for Tellurian Inc. is set at 0.20, with the Price to Sales ratio for TELL stock in the period of the last 12 months amounting to 4.89. The Price to Book ratio for the last quarter was 2.28, with the Price to Cash per share for the same quarter was set at 1.08.

TELL stock trade performance evaluation

Tellurian Inc. [TELL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.17. With this latest performance, TELL shares dropped by 0.00% in over the last four-week period, additionally sinking by -41.85% over the last 6 months – not to mention a drop of -21.68% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TELL stock in for the last two-week period is set at 47.26, with the RSI for the last a single of trading hit 46.72, and the three-weeks RSI is set at 46.84 for Tellurian Inc. [TELL]. The present Moving Average for the last 50 days of trading for this stock 2.82, while it was recorded at 2.74 for the last single week of trading, and 3.78 for the last 200 days.

Tellurian Inc. [TELL]: An insightful look at the core fundamentals

Tellurian Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.10.

Tellurian Inc. [TELL]: Insider Ownership positions

There are presently around $610 million, or 40.70% of TELL stock, in the hands of institutional investors. The top three institutional holders of TELL stocks are: VANGUARD GROUP INC with ownership of 38,741,118, which is approximately 3.149% of the company’s market cap and around 0.60% of the total institutional ownership; BLACKROCK INC., holding 32,768,396 shares of the stock with an approximate value of $88.8 million in TELL stocks shares; and STATE STREET CORP, currently with $79.31 million in TELL stock with ownership of nearly -20.103% of the company’s market capitalization.

141 institutional holders increased their position in Tellurian Inc. [AMEX:TELL] by around 16,389,674 shares. Additionally, 109 investors decreased positions by around 49,020,882 shares, while 49 investors held positions by with 159,770,915 shares. The mentioned changes placed institutional holdings at 225,181,471 shares, according to the latest SEC report filing. TELL stock had 50 new institutional investments in for a total of 4,867,272 shares, while 42 institutional investors sold positions of 9,827,636 shares during the same period.

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