Tellurian (TELL) Stock Price Up 6.9%

Tellurian Inc (NASDAQ:TELL) rose 6.9% during mid-day trading on Monday . The company traded as high as $7.76 and last traded at $7.73. Approximately 1,772,933 shares traded hands during trading, an increase of 36% from the average daily volume of 1,304,081 shares. The stock had previously closed at $7.23.

TELL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Tellurian from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Tuesday, August 7th. Stifel Nicolaus restated a “buy” rating and set a $14.00 price objective (down previously from $15.00) on shares of Tellurian in a report on Thursday, August 9th. Robert W. Baird initiated coverage on Tellurian in a report on Tuesday, August 14th. They set an “outperform” rating and a $15.00 price objective for the company. BidaskClub upgraded Tellurian from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 22nd. Finally, Cowen cut Tellurian from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $12.29.

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 company has a market cap of $1.74 billion, a PE ratio of -9.43 and a beta of 1.79.

Tellurian (NASDAQ:TELL) last issued its quarterly earnings results on Wednesday, November 7th. The oil and gas producer reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The company had revenue of $0.80 million during the quarter, compared to the consensus estimate of $0.83 million. Tellurian had a negative net margin of 930.79% and a negative return on equity of 45.00%. Equities analysts expect that Tellurian Inc will post -0.59 EPS for the current fiscal year.

In related news, Director Charif Souki purchased 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average cost of $7.29 per share, for a total transaction of $364,500.00. Following the completion of the purchase, the director now owns 28,548,728 shares in the company, valued at approximately $208,120,227.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 44.80% of the company’s stock.

Several hedge funds have recently modified their holdings of TELL. Laurion Capital Management LP bought a new stake in shares of Tellurian in the second quarter valued at approximately $8,326,000. BlackRock Inc. raised its position in Tellurian by 14.2% during the third quarter. BlackRock Inc. now owns 5,871,459 shares of the oil and gas producer’s stock valued at $52,666,000 after purchasing an additional 730,061 shares in the last quarter. Point72 Asset Management L.P. raised its position in Tellurian by 1,283.1% during the second quarter. Point72 Asset Management L.P. now owns 770,400 shares of the oil and gas producer’s stock valued at $6,410,000 after purchasing an additional 714,700 shares in the last quarter. Millennium Management LLC raised its position in Tellurian by 75.4% during the second quarter. Millennium Management LLC now owns 1,005,013 shares of the oil and gas producer’s stock valued at $8,362,000 after purchasing an additional 431,875 shares in the last quarter. Finally, Luminus Management LLC acquired a new position in Tellurian during the second quarter valued at approximately $3,536,000. Institutional investors and hedge funds own 19.07% of the company’s stock.

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Tellurian Company Profile (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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