Tellurian (TELL) Stock Up. Is TELL a BUY?

Tellurian Inc. (NASDAQ: TELL) was up about 2% during yesterday secession, but has lost over 90% of its value from last year. TELL shares have been bouncing too as low as $0.77 to a high of $0.98 in the recent week. Some investors my be tempted to but TELL stock.  However, for investors that bought last year, there is little hope of a return to its share price.

Recently, Haselkorn & Thibaut, a national investment fraud law firm, has started an investigation of financial advisors that sold TELL stock to investors. Broker-dealers are expecting to see many lawsuits from investors of energy stocks in the coming months.

Is Tellurian Stock (TELL) A Buy or Sell

Tellurian Inc. (NASDAQ: TELL) The 36-month beta value for TELL shares is at 2.78, while the 0 analysts who rated Tellurian Inc. shares as a “buy” while they were overweight, rated as hold and sell.

TELL currently has an average trading volume of 3.31M of shares. TELL’s shares rose 13.35% during the week, with a monthly drop of -79.62% and a quarterly return of -87.83%, while its annual rate of return touched -92.02%. The simple moving average for the period of the last 20 days is -26.43% for TELL shares with the simple moving average of -86.68% for the previous 200 days.

Bottom line – Is TELL stock a buy.  The short answer is no, because it too risky. The engergy market is not likely to come back anytime soon.

Wall Street Opinions on Tellurian Inc. (NASDAQ: TELL)

Many brokerage firms have already submitted their reports for TELL shares, with Raymond James repeating the rating of TELL shares by setting it to “Mkt Perform.” The expected price for TELL socks in the next period, according to Raymond James, is $ 18, according to the research report published on March 12, 2020.

Credit Suisse, on the other hand, stated in their research note that they expect to see TELL shares priced at $ 2, previously predicting the value of $ 10. The rating they have provided for TELL shares is “Neutral,” according to the report published on March 12, 2020.

Robert W. Baird rated TELL shares “Neutral,” setting the price target at $2 in the report released on March 9, 2020.

Stock Market Morning Report

S&P futures are mixed, flat to down 1 point, as…

• The White House was said to be discussing another $600 billion worth of stimulus options with Congress to mitigate coronavirus-related economic damage.
• Administration officials said stimulus payments to individuals should automatically go out within the next three weeks, providing an economic boost.
• Data is indicating that social distancing restrictions are helping contain the coronavirus spread, according to Kinsa Health, as roughly 248 million Americans observe shelter-in-place.

European markets gained as…

• Italy’s new coronavirus infections fell to the lowest level in nearly two weeks on Monday and remained below the March 21 peak for the ninth consecutive day.
• The World Health Organization said the number of new virus cases in Europe might be starting to stabilize.
• Group of 20 trade ministers agreed to maintain the global flow of goods and services to aid the healthcare supply chain.

Asian markets were mixed as...

• China’s official  manufacturing purchasing managers’ index data for March was more substantial than expected, rising back into expansion territory after hitting its lowest level ever in February.
• Japan’s government proposed the country’s most extensive ever stimulus package, worth $554 billion, and said it would consider additional plans if necessary.
• China’s government is expected to introduce additional stimulus measures to support the economy.
• Japanese industrial output for February exceeded expectations and remained in growth territory but fell versus January’s data.

And ahead of…

• S&P/Case-Shiller comp. for January (9 a.m.)
• Chicago PMI for March (9:45 a.m.)
• Agriculture Price for February (3 p.m.)
• American Petroleum Institute Crude Oil Inventory Data (4:30 p.m.)

Pre-Market Levels:

S&P -0.07%

Asia – Japan’s Nikkei -0.88%, Japan’s TOPIX -2.26%, China’s Shanghai Composite +0.11%, Hong Kong Hang Seng Index +1.85%, South Korea’s KOSPI +2.19%, Taiwan’s TSE +0.82%

Europe – EuroStoxx 50 +0.59%, UK FTSE +0.61%, German DAX +0.91%, French CAC +0.08%, Italian MIB +0.22%, Spanish IBEX +0.84%

VIX -13.81%

Currencies – Dollar +0.54%, Japanese Yen -0.81%, Euro -0.89%, British Pound -0.32%, Swiss Franc -0.74%, Chinese Yuan +0.03%

Bitcoin +0.63%

WTI Crude +7.22%

Brent Crude +4.05%

Nat Gas +1.95%

Gold -1.99%

Platinum -2.22%

Copper +1.07%

Silver -0.16%

US Treasury 10 yr yield -4.6bps at 0.681%

US Treasury 2 yr yield -0.2bps at 0.226%

German 10 yr yield +0.5bps at -0.495%

French 10 yr yield +0.4bps at -0.053%

Italian 10 yr yield +4.5bps at 1.517%

Japanese 10 yr yield +1.7bps at 0.009%