Raymond James Financial Services Advisors Inc. Purchases 63,819 Shares of Tellurian Inc. (NYSEAMERICAN:TELL)

Raymond James Financial Services Advisors Inc. lifted its position in shares of Tellurian Inc. (NYSEAMERICAN:TELL – Get Rating) by 30.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,740 shares of the oil and gas producer’s stock after purchasing an additional 63,819 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Tellurian were worth $654,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TELL. Byrne Asset Management LLC purchased a new position in Tellurian during the 3rd quarter valued at $25,000. Geneos Wealth Management Inc. raised its stake in Tellurian by 527.4% in the second quarter. Geneos Wealth Management Inc. now owns 9,411 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 7,911 shares in the last quarter. Smith Salley & Associates purchased a new stake in Tellurian in the second quarter worth about $30,000. Brown Advisory Inc. bought a new stake in Tellurian during the 2nd quarter valued at approximately $30,000. Finally, Steel Peak Wealth Management LLC purchased a new position in shares of Tellurian during the 2nd quarter worth approximately $31,000. 39.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TELL shares. Evercore ISI reduced their target price on shares of Tellurian from $5.00 to $2.50 in a research report on Monday, September 26th. Stifel Nicolaus decreased their target price on shares of Tellurian from $3.00 to $2.00 and set a “sell” rating for the company in a research note on Monday, September 26th. Finally, B. Riley lowered their target price on shares of Tellurian from $8.00 to $6.00 and set a “buy” rating for the company in a report on Monday, September 26th. One research 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, Tellurian currently has an average rating of “Moderate Buy” and an average price target of $4.40.

Tellurian Stock Performance

Shares of Tellurian stock opened at $1.91 on Tuesday. Tellurian Inc. has a twelve month low of $1.54 and a twelve month high of $6.54. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.12 and a current ratio of 2.12. The company has a market cap of $1.08 billion, a P/E ratio of -7.35 and a beta of 2.31.

Tellurian (NYSEAMERICAN:TELL – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The oil and gas producer reported ($0.03) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $81.10 million during the quarter, compared to the consensus estimate of $89.05 million. Equities analysts expect that Tellurian Inc. will post -0.2 EPS for the current fiscal year.

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.