Raymond James & Associates boosted its holdings in Tellurian Inc. (NYSEAMERICAN:TELL – Get Rating) by 34.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,313 shares of the oil and gas producer's stock after buying an additional 33,361 shares during the quarter. Raymond James & Associates' holdings in Tellurian were worth $311,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its holdings in Tellurian by 527.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 9,411 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 7,911 shares during the last quarter. Smith Salley & Associates bought a new position in Tellurian during the 2nd quarter worth approximately $30,000. Guggenheim Capital LLC bought a new position in Tellurian during the 1st quarter worth approximately $53,000. Brown Advisory Inc. bought a new position in Tellurian during the 2nd quarter worth approximately $30,000. Finally, Byrne Asset Management LLC bought a new stake in shares of Tellurian in the 3rd quarter valued at $25,000. Institutional investors own 39.42% of the company's stock.
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TELL stock opened at $1.93 on Friday. The stock has a market cap of $1.09 billion, a PE ratio of -7.42 and a beta of 2.31. 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 Inc. has a 1 year low of $1.54 and a 1 year high of $6.53.
Tellurian (NYSEAMERICAN:TELL – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The oil and gas producer reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). The company had revenue of $81.10 million for the quarter, compared to the consensus estimate of $89.05 million. Tellurian had a negative return on equity of 21.83% and a negative net margin of 39.26%. As a group, equities analysts predict that Tellurian Inc. will post -0.2 EPS for the current fiscal year.Tellurian Company Profile
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Tellurian, Inc engages in producing natural gas and investing in natural gas projects. It develops a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that include an LNG terminal facility and an associated pipeline in southwest Louisiana. The company was founded by Charif Souki and Martin Houston in 1957 and is headquartered in Houston, TX.
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