Tellurian Inc. (NYSEAMERICAN:TELL) Position Lessened by California State Teachers Retirement System

California State Teachers Retirement System trimmed its holdings in shares of Tellurian Inc. (NYSEAMERICAN:TELL) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 611,475 shares of the oil and gas producer’s stock after selling 9,359 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Tellurian worth $752,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TELL. Gallagher Benefit Services Inc. acquired a new stake in shares of Tellurian in the fourth quarter valued at about $25,000. Simplicity Solutions LLC bought a new stake in shares of Tellurian in the first quarter valued at about $26,000. McAdam LLC bought a new stake in shares of Tellurian in the first quarter valued at about $29,000. J.W. Cole Advisors Inc. lifted its stake in shares of Tellurian by 52.1% in the first quarter. J.W. Cole Advisors Inc. now owns 24,800 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 8,500 shares during the period. Finally, Clarus Group Inc. lifted its stake in shares of Tellurian by 49.6% in the first quarter. Clarus Group Inc. now owns 28,724 shares of the oil and gas producer’s stock valued at $35,000 after buying an additional 9,524 shares during the period. 32.62% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tellurian

In other Tellurian news, Director Jonathan S. Gross bought 100,000 shares of Tellurian stock in a transaction dated Friday, June 30th. The shares were acquired at an average cost of $1.38 per share, with a total value of $138,000.00. Following the acquisition, the director now directly owns 240,000 shares of the company’s stock, valued at $331,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.20% of the company’s stock.

Tellurian Stock Performance

NYSEAMERICAN TELL opened at $1.14 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average of $1.57. Tellurian Inc. has a twelve month low of $0.94 and a twelve month high of $4.66. The company has a market capitalization of $663.27 million, a PE ratio of -8.77 and a beta of 2.29.

Tellurian (NYSEAMERICAN:TELL) last released its quarterly earnings data on Wednesday, August 9th. The oil and gas producer reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The company had revenue of $31.99 million for the quarter, compared to analyst estimates of $41.63 million. Tellurian had a negative net margin of 26.37% and a negative return on equity of 10.64%. Research analysts forecast that Tellurian Inc. will post -0.36 earnings per share for the current fiscal year.

Tellurian Profile

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 27,689 net acres of natural gas assets and 143 producing wells located in the Haynesville Shale trend of northern Louisiana.