Nisa Investment Advisors LLC Buys 3,940 Shares of Tellurian Inc. (NYSEAMERICAN:TELL)

Nisa Investment Advisors LLC lifted its holdings in Tellurian Inc. (NYSEAMERICAN:TELLGet Rating) by 43.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 13,090 shares of the oil and gas producer’s stock after purchasing an additional 3,940 shares during the period. Nisa Investment Advisors LLC’s holdings in Tellurian were worth $69,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Baird Financial Group Inc. increased its holdings in Tellurian by 6.6% during the 4th quarter. Baird Financial Group Inc. now owns 219,500 shares of the oil and gas producer’s stock worth $676,000 after purchasing an additional 13,500 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Tellurian in the 4th quarter valued at $35,000. Dimensional Fund Advisors LP increased its holdings in shares of Tellurian by 265.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,419,319 shares of the oil and gas producer’s stock valued at $7,451,000 after acquiring an additional 1,756,596 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Tellurian in the 4th quarter valued at $51,000. Finally, Northern Trust Corp increased its holdings in shares of Tellurian by 3.1% in the 4th quarter. Northern Trust Corp now owns 3,605,505 shares of the oil and gas producer’s stock valued at $11,105,000 after acquiring an additional 106,898 shares during the period. 33.68% of the stock is currently owned by hedge funds and other institutional investors.

Tellurian Price Performance

Tellurian stock opened at $3.72 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.98 and a quick ratio of 3.98. The firm has a market cap of $2.11 billion, a PE ratio of -10.63 and a beta of 2.17. Tellurian Inc. has a 1-year low of $2.23 and a 1-year high of $6.53. The stock has a fifty day simple moving average of $3.76.

Tellurian (NYSEAMERICAN:TELLGet Rating) last issued its quarterly 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 return on equity of 39.86% and a negative net margin of 73.68%. The firm had revenue of $146.94 million for the quarter, compared to analyst estimates of $31.19 million. On average, equities research analysts anticipate that Tellurian Inc. will post -0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Roth Capital reiterated a “buy” rating on shares of Tellurian in a report on Tuesday, May 10th. Credit Suisse Group lowered their price objective on Tellurian from $8.00 to $7.00 in a research report on Monday, June 6th.

About Tellurian

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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.

See Also

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Institutional Ownership by Quarter for Tellurian (NYSEAMERICAN:TELL)

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