Shares of Tellurian Inc (NASDAQ:TELL) rose 7.4% during mid-day trading on Wednesday . The stock traded as high as $7.75 and last traded at $7.66, approximately 3,531,400 shares traded hands during trading. An increase of 230% from the average daily volume of 1,070,410 shares. The stock had previously closed at $7.13.
A number of research firms recently commented on TELL. Zacks Investment Research cut shares of Tellurian from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. ValuEngine upgraded Tellurian from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. BidaskClub raised Tellurian from a “strong sell” rating to a “sell” rating in a report on Thursday. Finally, Morgan Stanley started coverage on Tellurian in a research report on Friday, September 20th. They issued an “underweight” rating and a $6.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $12.33.
The stock has a market cap of $2.09 billion, a PE ratio of -15.25 and a beta of 1.85. 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 firm’s 50 day moving average price is $7.11 and its two-hundred day moving average price is $7.35.
Tellurian (NASDAQ:TELL) last announced its quarterly earnings results on Wednesday, November 6th. The oil and gas producer reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.05). The business had revenue of $9.34 million for the quarter, compared to analysts’ expectations of $13.60 million. Tellurian had a negative net margin of 677.62% and a negative return on equity of 57.16%. Analysts anticipate that Tellurian Inc will post -0.74 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Tellurian by 5.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 548,047 shares of the oil and gas producer’s stock worth $4,303,000 after acquiring an additional 29,780 shares during the period. Bank of New York Mellon Corp boosted its stake in Tellurian by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 417,802 shares of the oil and gas producer’s stock worth $3,279,000 after purchasing an additional 16,897 shares during the period. Northern Trust Corp boosted its stake in Tellurian by 1.9% in the 2nd quarter. Northern Trust Corp now owns 1,116,493 shares of the oil and gas producer’s stock worth $8,765,000 after purchasing an additional 20,981 shares during the period. Parametric Portfolio Associates LLC boosted its stake in Tellurian by 189.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 91,959 shares of the oil and gas producer’s stock worth $722,000 after purchasing an additional 60,240 shares during the period. Finally, BlackRock Inc. grew its holdings in Tellurian by 7.6% during the 2nd quarter. BlackRock Inc. now owns 6,426,162 shares of the oil and gas producer’s stock valued at $50,446,000 after buying an additional 455,246 shares in the last quarter. Institutional investors and hedge funds own 17.06% of the company’s stock.
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) 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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