Tellurian (TELL) Trading Down 6.9%

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Tellurian Inc (NASDAQ:TELL) shares were down 6.9% during mid-day trading on Thursday . The company traded as low as $7.74 and last traded at $7.98. Approximately 2,648,349 shares were traded during trading, an increase of 7% from the average daily volume of 2,469,607 shares. The stock had previously closed at $8.57.

A number of research analysts have recently issued reports on TELL shares. Robert W. Baird set a $17.00 target price on Tellurian and gave the company a “buy” rating in a research report on Monday, September 17th. Cowen lowered Tellurian from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 26th. Bank of America started coverage on Tellurian in a research report on Monday, October 8th. They set a “buy” rating on the stock. Credit Suisse Group started coverage on Tellurian in a research report on Thursday, October 11th. They set an “outperform” rating and a $15.00 target price on the stock. Finally, Zacks Investment Research upgraded Tellurian from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a research report on Tuesday, October 30th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $11.95.

The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.17. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -9.73 and a beta of 1.68.

Tellurian (NASDAQ:TELL) last announced its quarterly earnings data on Wednesday, November 7th. The oil and gas producer reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The firm had revenue of $0.80 million during the quarter, compared to analysts’ expectations of $0.83 million. Tellurian had a negative net margin of 930.79% and a negative return on equity of 45.00%. On average, analysts forecast that Tellurian Inc will post -0.58 earnings per share for the current year.

In other news, Director Charif Souki acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were bought at an average price of $7.29 per share, for a total transaction of $364,500.00. Following the acquisition, the director now owns 28,548,728 shares of the company’s stock, valued at approximately $208,120,227.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Don A. Turkleson acquired 3,783 shares of the firm’s stock in a transaction on Thursday, December 13th. The stock was purchased at an average price of $6.75 per share, for a total transaction of $25,535.25. Following the acquisition, the director now directly owns 126,121 shares in the company, valued at approximately $851,316.75. The disclosure for this purchase can be found here. Insiders acquired a total of 210,000 shares of company stock worth $1,454,400 in the last 90 days. 44.80% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Gradient Investments LLC acquired a new stake in shares of Tellurian in the 3rd quarter worth $103,000. PEAK6 Investments L.P. acquired a new stake in shares of Tellurian in the 2nd quarter worth $125,000. Mizuho Securities USA LLC acquired a new stake in shares of Tellurian in the 3rd quarter worth $227,000. MetLife Investment Advisors LLC increased its stake in shares of Tellurian by 23.3% in the 2nd quarter. MetLife Investment Advisors LLC now owns 38,940 shares of the oil and gas producer’s stock worth $324,000 after acquiring an additional 7,357 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Tellurian by 27.1% in the 2nd quarter. California Public Employees Retirement System now owns 41,083 shares of the oil and gas producer’s stock worth $342,000 after acquiring an additional 8,758 shares during the last quarter. 19.07% of the stock is owned by institutional investors and hedge funds.

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About Tellurian (NASDAQ:TELL)

Tellurian Inc plans to develop, own, and operate a natural gas business and to deliver natural gas to customers worldwide. The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) trading, and infrastructure that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline.

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