Tellurian Sees Unusually Large Options Volume (NASDAQ:TELL)

Tellurian Inc (NASDAQ:TELL) was the recipient of some unusual options trading on Thursday. Traders bought 4,254 put options on the company. This represents an increase of 948% compared to the average daily volume of 406 put options.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co NY boosted its stake in Tellurian by 17.7% during the third quarter. Metropolitan Life Insurance Co NY now owns 32,379 shares of the oil and gas producer’s stock worth $269,000 after buying an additional 4,879 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Tellurian by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 147,148 shares of the oil and gas producer’s stock worth $1,224,000 after acquiring an additional 1,758 shares during the last quarter. Catalyst Capital Advisors LLC boosted its stake in shares of Tellurian by 18.5% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 517,916 shares of the oil and gas producer’s stock worth $4,306,000 after purchasing an additional 80,768 shares during the period. Jacobs & Co. CA boosted its stake in shares of Tellurian by 20.3% during the 3rd quarter. Jacobs & Co. CA now owns 228,500 shares of the oil and gas producer’s stock worth $1,899,000 after purchasing an additional 38,500 shares during the period. Finally, Alps Advisors Inc. grew its holdings in Tellurian by 2.2% during the 3rd quarter. Alps Advisors Inc. now owns 79,326 shares of the oil and gas producer’s stock valued at $660,000 after purchasing an additional 1,717 shares during the last quarter. Institutional investors own 17.07% of the company’s stock.

TELL has been the subject of a number of recent research reports. ValuEngine lowered shares of Tellurian from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. BidaskClub downgraded shares of Tellurian from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. Bank of America lowered shares of Tellurian from a “buy” rating to a “neutral” rating in a research report on Friday, August 23rd. Zacks Investment Research cut shares of Tellurian from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley started coverage on shares of Tellurian in a report on Friday, September 20th. They issued an “underweight” rating and a $6.00 target price on the stock. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.33.

NASDAQ:TELL opened at $7.25 on Friday. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -12.72 and a beta of 1.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50 day simple moving average of $7.72 and a 200-day simple moving average of $7.55. Tellurian has a 1 year low of $5.12 and a 1 year high of $11.80.

Tellurian (NASDAQ:TELL) last released its earnings results on Wednesday, November 6th. The oil and gas producer reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.05). Tellurian had a negative net margin of 677.62% and a negative return on equity of 57.16%. The company had revenue of $9.34 million for the quarter, compared to the consensus estimate of $13.60 million. As a group, analysts expect that Tellurian will post -0.69 earnings per share for the current fiscal year.

Tellurian Company Profile

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) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline in southwest Louisiana.

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