Tellurian (NYSEAMERICAN:TELL) Trading Down 12.9%

Tellurian Inc. (NYSEAMERICAN:TELLGet Rating) fell 12.9% during mid-day trading on Monday . The stock traded as low as $3.58 and last traded at $3.58. 450,041 shares were traded during mid-day trading, a decline of 98% from the average session volume of 20,028,326 shares. The stock had previously closed at $4.11.

Several research firms have issued reports on TELL. Credit Suisse Group decreased their price objective on shares of Tellurian from $8.00 to $7.00 in a research note on Monday, June 6th. Roth Capital restated a “buy” rating on shares of Tellurian in a research note on Tuesday, May 10th.

The business’s fifty day moving average price is $3.72 and its 200 day moving average price is $3.52. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.04 billion, a PE ratio of -10.20 and a beta of 2.03.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Spire Wealth Management increased its holdings in Tellurian by 11.1% in the first quarter. Spire Wealth Management now owns 19,821 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 1,982 shares in the last quarter. Arizona State Retirement System increased its holdings in Tellurian by 2.2% in the first quarter. Arizona State Retirement System now owns 103,586 shares of the oil and gas producer’s stock valued at $549,000 after buying an additional 2,232 shares in the last quarter. Sandy Spring Bank increased its holdings in Tellurian by 76.7% in the first quarter. Sandy Spring Bank now owns 7,066 shares of the oil and gas producer’s stock valued at $37,000 after buying an additional 3,067 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Tellurian by 5.2% in the first quarter. Victory Capital Management Inc. now owns 68,930 shares of the oil and gas producer’s stock valued at $343,000 after buying an additional 3,432 shares in the last quarter. Finally, Gradient Investments LLC increased its holdings in Tellurian by 6.7% in the first quarter. Gradient Investments LLC now owns 56,821 shares of the oil and gas producer’s stock valued at $301,000 after buying an additional 3,592 shares in the last quarter. 33.68% of the stock is owned by hedge funds and other institutional investors.

Tellurian Company Profile (NYSEAMERICAN:TELL)

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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