Tellurian Inc. (NYSEAMERICAN:TELL – Get Rating) shares gapped up before the market opened on Tuesday . The stock had previously closed at $1.80, but opened at $1.88. Tellurian shares last traded at $1.77, with a volume of 8,957 shares.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on TELL shares. Evercore ISI dropped their target price on shares of Tellurian from $5.00 to $2.50 in a report on Monday, September 26th. B. Riley dropped their target price on shares of Tellurian from $8.00 to $6.00 and set a "buy" rating for the company in a report on Monday, September 26th. Finally, Stifel Nicolaus dropped their target price on shares of Tellurian from $3.00 to $2.00 and set a "sell" rating for the company in a report on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $4.40.
Get Tellurian alerts:Tellurian Trading Down 6.1 %
The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -7.12 and a beta of 2.21. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.12 and a current ratio of 2.12. The business's 50-day moving average is $3.88.
Tellurian (NYSEAMERICAN:TELL – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The oil and gas producer reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $81.10 million for the quarter, compared to analyst estimates of $89.05 million. Tellurian had a negative return on equity of 21.83% and a negative net margin of 39.26%. On average, analysts forecast that Tellurian Inc. will post -0.09 earnings per share for the current fiscal year.Hedge Funds Weigh In On Tellurian
Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in Tellurian by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,555,362 shares of the oil and gas producer's stock valued at $6,107,000 after acquiring an additional 118,175 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Tellurian by 194.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 122,624 shares of the oil and gas producer's stock valued at $294,000 after acquiring an additional 80,924 shares in the last quarter. FourThought Financial LLC lifted its stake in Tellurian by 32.2% during the 3rd quarter. FourThought Financial LLC now owns 61,545 shares of the oil and gas producer's stock valued at $147,000 after acquiring an additional 14,973 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Tellurian by 111.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 47,390 shares of the oil and gas producer's stock valued at $113,000 after acquiring an additional 25,000 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in Tellurian by 3.8% during the 3rd quarter. California State Teachers Retirement System now owns 617,106 shares of the oil and gas producer's stock valued at $1,475,000 after acquiring an additional 22,608 shares in the last quarter. 45.30% of the stock is currently owned by institutional investors.
About Tellurian
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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 11,060 net acres of natural gas assets and 78 producing wells located in the Haynesville Shale trend of northern Louisiana.
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