Tellurian Inc. (NYSEAMERICAN:TELL – Get Rating)'s stock price was down 3.4% on Friday . The stock traded as low as $1.70 and last traded at $1.71. Approximately 44,882 shares changed hands during trading, a decline of 100% from the average daily volume of 13,981,030 shares. The stock had previously closed at $1.77.
Analyst Ratings Changes
Several research firms have recently issued reports on TELL. B. Riley reduced their target price on shares of Tellurian from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Monday, September 26th. Stifel Nicolaus decreased their price objective on shares of Tellurian from $3.00 to $2.00 and set a "sell" rating for the company in a research note on Monday, September 26th. Finally, Evercore ISI cut their target price on Tellurian from $5.00 to $2.50 in a research note on Monday, September 26th. One 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $4.40.
Get Tellurian alerts:Tellurian Stock Down 5.1 %
The stock's 50 day moving average is $3.84. The stock has a market cap of $948.90 million, a price-to-earnings ratio of -6.46 and a beta of 2.21. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.67.
Tellurian (NYSEAMERICAN:TELL – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The oil and gas producer reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). Tellurian had a negative net margin of 39.26% and a negative return on equity of 21.83%. The firm had revenue of $81.10 million for the quarter, compared to analysts' expectations of $89.05 million. On average, research analysts anticipate that Tellurian Inc. will post -0.2 EPS for the current year.Institutional Trading of Tellurian
A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in shares of Tellurian by 27.3% in the second quarter. State Street Corp now owns 36,631,488 shares of the oil and gas producer's stock worth $109,162,000 after purchasing an additional 7,856,617 shares during the period. Salient Capital Advisors LLC grew its holdings in shares of Tellurian by 100.1% during the second quarter. Salient Capital Advisors LLC now owns 5,135,777 shares of the oil and gas producer's stock worth $15,305,000 after purchasing an additional 2,568,885 shares in the last quarter. Electron Capital Partners LLC purchased a new stake in Tellurian in the third quarter valued at approximately $5,920,000. Macquarie Group Ltd. lifted its position in Tellurian by 99.5% during the third quarter. Macquarie Group Ltd. now owns 4,115,000 shares of the oil and gas producer's stock valued at $9,847,000 after purchasing an additional 2,051,856 shares during the last quarter. Finally, Paulson & CO. Inc. grew its stake in Tellurian by 40.0% in the 1st quarter. Paulson & CO. Inc. now owns 7,000,000 shares of the oil and gas producer's stock worth $37,100,000 after buying an additional 2,000,000 shares in the last quarter. Hedge funds and other institutional investors own 39.42% of the company's stock.
Tellurian Company Profile
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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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