Tellurian (NYSEAMERICAN:TELL) Shares Down 3.2%

Shares of Tellurian Inc. (NYSEAMERICAN:TELL – Get Rating) dropped 3.2% on Friday . The company traded as low as $1.83 and last traded at $1.83. Approximately 52,864 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 8,622,313 shares. The stock had previously closed at $1.89.

Wall Street Analysts Forecast Growth

TELL has been the subject of several research analyst reports. Evercore ISI reduced their target price on Tellurian from $5.00 to $2.50 in a research note on Monday, September 26th. B. Riley dropped their price target on Tellurian from $8.00 to $6.00 and set a “buy” rating for the company in a report on Monday, September 26th. Finally, Stifel Nicolaus dropped their price target on Tellurian from $3.00 to $2.00 and set a “sell” rating for the company in a report on Monday, September 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4.40.

Tellurian Stock Down 4.2 %

The firm has a market cap of $1.02 billion, a PE ratio of -6.96 and a beta of 2.31. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.12 and a quick ratio of 2.12.

Tellurian (NYSEAMERICAN:TELL – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The oil and gas producer reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). Tellurian had a negative return on equity of 21.83% and a negative net margin of 39.26%. The company had revenue of $81.10 million during the quarter, compared to the consensus estimate of $89.05 million. On average, analysts anticipate that Tellurian Inc. will post -0.2 EPS for the current year.

Institutional Investors Weigh In On Tellurian

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Advisory Services LLC raised its position in Tellurian by 14.0% during the third quarter. Ameritas Advisory Services LLC now owns 29,492 shares of the oil and gas producer’s stock valued at $70,000 after purchasing an additional 3,618 shares in the last quarter. Pictet Asset Management SA raised its position in Tellurian by 13.1% during the third quarter. Pictet Asset Management SA now owns 33,648 shares of the oil and gas producer’s stock valued at $80,000 after purchasing an additional 3,897 shares in the last quarter. Prospera Financial Services Inc raised its position in Tellurian by 23.8% during the third quarter. Prospera Financial Services Inc now owns 20,800 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 4,000 shares in the last quarter. First Horizon Advisors Inc. raised its position in Tellurian by 8.7% during the third quarter. First Horizon Advisors Inc. now owns 57,600 shares of the oil and gas producer’s stock valued at $136,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Centiva Capital LP raised its position in Tellurian by 20.0% during the second quarter. Centiva Capital LP now owns 30,000 shares of the oil and gas producer’s stock valued at $90,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 39.42% of the company’s stock.

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.