Tellurian Inc. (NYSEAMERICAN:TELL) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Tellurian Inc. (NYSEAMERICAN:TELL) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,954,827 shares of the oil and gas producer’s stock after acquiring an additional 1,844,374 shares during the quarter. Vanguard Group Inc. owned approximately 6.77% of Tellurian worth $49,828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its position in shares of Tellurian by 37.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 143,324 shares of the oil and gas producer’s stock worth $760,000 after acquiring an additional 38,825 shares during the period. Bank of New York Mellon Corp increased its holdings in Tellurian by 1.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,187,669 shares of the oil and gas producer’s stock worth $6,295,000 after purchasing an additional 12,317 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Tellurian by 25.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,110 shares of the oil and gas producer’s stock valued at $207,000 after purchasing an additional 8,037 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Tellurian by 40.3% in the 1st quarter. MetLife Investment Management LLC now owns 179,743 shares of the oil and gas producer’s stock valued at $953,000 after buying an additional 51,625 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Tellurian during the first quarter worth about $78,000. 48.87% of the stock is currently owned by hedge funds and other institutional investors.

Tellurian Stock Performance

Tellurian stock opened at $0.55 on Tuesday. The firm has a 50-day moving average price of $0.84. The stock has a market cap of $349.35 million, a P/E ratio of -1.91 and a beta of 2.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.66 and a quick ratio of 0.66. Tellurian Inc. has a fifty-two week low of $0.36 and a fifty-two week high of $1.76.

Tellurian (NYSEAMERICAN:TELL) last issued its quarterly earnings data on Friday, February 23rd. The oil and gas producer reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $39.96 million during the quarter, compared to analysts’ expectations of $55.22 million. Tellurian had a negative return on equity of 22.05% and a negative net margin of 100.03%. As a group, analysts forecast that Tellurian Inc. will post -0.21 earnings per share for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley decreased their price target on shares of Tellurian from $2.50 to $1.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 13th.

About Tellurian

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.