Eagle Global Advisors LLC grew its stake in Tellurian Inc. (NYSEAMERICAN:TELL – Get Rating) by 8.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 894,400 shares of the oil and gas producer's stock after buying an additional 66,000 shares during the period. Eagle Global Advisors LLC owned approximately 0.16% of Tellurian worth $2,138,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Byrne Asset Management LLC acquired a new position in shares of Tellurian during the 3rd quarter worth about $25,000. Geneos Wealth Management Inc. lifted its position in shares of Tellurian by 527.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 9,411 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 7,911 shares during the last quarter. Smith Salley & Associates acquired a new position in shares of Tellurian during the 2nd quarter worth about $30,000. Brown Advisory Inc. acquired a new position in shares of Tellurian during the 2nd quarter worth about $30,000. Finally, Steel Peak Wealth Management LLC acquired a new position in shares of Tellurian during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 39.42% of the company's stock.

Tellurian Stock Performance

NYSEAMERICAN TELL opened at $1.68 on Tuesday. Tellurian Inc. has a one year low of $1.54 and a one year high of $6.54. The stock's 50 day simple moving average is $3.83. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.12 and a current ratio of 2.12.

Wall Street Analyst Weigh In

TELL has been the topic of several research reports. Stifel Nicolaus lowered their price target on Tellurian from $3.00 to $2.00 and set a "sell" rating on the stock in a research note on Monday, September 26th. B. Riley lowered their price target on Tellurian from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Monday, September 26th. Finally, Evercore ISI lowered their price target on Tellurian from $5.00 to $2.50 in a research note on Monday, September 26th. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $4.40.

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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