Beacon Pointe Advisors LLC Has $79,000 Stock Holdings in Tellurian Inc. (NYSEAMERICAN:TELL)

Beacon Pointe Advisors LLC raised its holdings in Tellurian Inc. (NYSEAMERICAN:TELL) by 55.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,313 shares of the oil and gas producer’s stock after buying an additional 37,164 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Tellurian were worth $79,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TELL. Traynor Capital Management Inc. raised its position in shares of Tellurian by 141.3% during the fourth quarter. Traynor Capital Management Inc. now owns 34,158 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 20,000 shares during the last quarter. Summit Financial Wealth Advisors LLC bought a new stake in shares of Tellurian in the 3rd quarter worth approximately $42,000. Payden & Rygel Investment Group acquired a new stake in shares of Tellurian during the 3rd quarter worth approximately $46,000. Kestra Private Wealth Services LLC increased its position in shares of Tellurian by 70.8% during the third quarter. Kestra Private Wealth Services LLC now owns 41,000 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 17,000 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of Tellurian during the fourth quarter valued at approximately $50,000. 48.87% of the stock is owned by institutional investors.

Tellurian Trading Down 0.9 %

NYSEAMERICAN:TELL opened at $0.52 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.46 and a quick ratio of 0.46. Tellurian Inc. has a 1 year low of $0.36 and a 1 year high of $1.76. The firm has a 50 day moving average price of $0.73.

Tellurian (NYSEAMERICAN:TELL) last released its quarterly earnings results on Thursday, May 2nd. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Tellurian had a negative net margin of 129.88% and a negative return on equity of 25.12%. The business had revenue of $25.47 million during the quarter, compared to the consensus estimate of $34.19 million. On average, equities research analysts predict that Tellurian Inc. will post -0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley dropped their price target on shares of Tellurian from $2.50 to $1.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th.

Tellurian Profile

Tellurian Inc engages in the natural gas business worldwide. It operates through three segments: The Upstream, The Midstream, and The Marketing & Trading. The company produces, gathers, purchases, sells, and delivers natural gas; acquires and develops natural gas assets; and develops, constructs, and operates liquefied natural gas terminals and pipelines.